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GAC GROUP Implements Change in Mgmt Mode, Relocates HQ to Panyu Auto City
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GAC GROUP (02238.HK) (601238.SH) recently held a mobilization meeting on management mode reform and headquarters relocation agreeing to change the management mode of its own brand from strategic control to operational control, and to simultaneously implement the relevant organizational reforms, setting up a highly efficient and flexible market-oriented mechanism and organizational system, so as to further reduce operating costs and enhance management efficiency.

In the meantime, the office address of GAC GROUP's headquarters will be relocated from Zhujiang New Town CBD to Panyu District of Guangzhou, in order to promote the concentration of all the elements into frontline practice and provide organizational protection for the operational control management mode.

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