Autozi announces board changes as Twigg resigns, Guo appointed

BEIJING - Autozi Internet Technology (Global) Ltd. (NASDAQ:AZI), a company currently valued at $23.7 million and facing significant financial challenges according to InvestingPro data, announced Wednesday that Weston Twigg has resigned from its Board of Directors effective August 28, 2025, citing personal reasons.

The China-based automotive products and services company, which InvestingPro analysis shows is operating with concerning financials including a weak gross profit margin of 1% and negative EBITDA of $5.36 million, has appointed Yafu Guo as an independent director to replace Twigg, who also stepped down from his positions as Chairman of the Compensation Committee and member of both the Audit Committee and Nominating and Corporate Governance Committee.

Guo, who has nearly 30 years of experience in asset management and capital markets, will assume all committee roles previously held by Twigg. He currently serves as President and Fund Manager of TJ Capital Holdings LLC, a firm he founded in 2003, and as Managing Partner of TJCM Asset Management LLC.

"His extensive global experience in asset management and capital markets will be a valuable addition as we continue to strengthen our governance," said Dr. Houqi Zhang, Founder, Chairman, and Chief Executive Officer of Autozi, in a statement based on the company’s press release.

The company noted that Twigg confirmed his departure was not due to any disagreement with Autozi regarding its operations, policies, or practices.

Following these changes, Kevin Vassily remains Chair of the Audit Committee, while Guo will chair the Compensation Committee and Dr. Jing Lu continues to lead the Nominating and Corporate Governance Committee.

Autozi, founded in 2010, provides automotive products and services through online and offline channels across China, utilizing its supply chain cloud platform and SaaS solutions. Despite revenue growth of 9.86% in the last twelve months, the company’s stock has declined 92.51% over the past year. Unlock 13 additional key insights and detailed financial analysis with InvestingPro.

In other recent news, Autozi Internet Technology (Global) Ltd. has received a notification from Nasdaq concerning a compliance issue. The company, listed on Nasdaq, was informed that it does not meet the minimum Market Value of Listed Securities (MVLS) requirement, which is set at $50 million. This notification was issued after Autozi’s market value remained below the required threshold for 30 consecutive business days, from May 22 to July 7, 2025. The compliance issue highlights a significant challenge for Autozi, as maintaining listing requirements is crucial for its presence on the Nasdaq Global Market. Investors will be watching closely to see how the company addresses this deficiency.

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