#China #Weifang #Hongli Group #Michael W. Zhang #Jie Liu

Hongli Group Inc. Welcomes Mr. Michael W. Zhang as Chairman of the Board

Hongli Group Inc., a prominent manufacturer in the cold roll formed steel profile industry, has announced a significant leadership change within its Board of Directors. As of September 29, 2026, Mr. Michael W. Zhang has been appointed as the new Chairman, succeeding Mr. Jie Liu, who has resigned from this position but will continue his role as Chief Executive Officer. This transition is expected to shape the company's strategic direction and bolster its governance framework.

In addition to Mr. Liu's resignation as Chairman, it was also noted that Mr. Chenglong Yang has stepped down as a Director and member of all Board committees, effective the same date. Both resignations were attributed to personal reasons, clarifying that there were no disputes or disagreements related to the company's operations or strategies.

Mr. Zhang joins Hongli Group with a wealth of experience in capital markets and corporate governance. He has been the Managing Partner of H Alpha Management since March 2015, overseeing strategic direction and general operations. His role has equipped him with a deep understanding of private equity, capital allocation, and business management. In addition, he serves on boards for several companies, including Anbio Biotechnology, where he is involved with audit and compensation committees. His academic credentials include an MBA in Finance from Yale University and a Bachelor’s degree in Finance from Indiana University Bloomington.

This leadership transition comes at a vital time for Hongli Group as it seeks to expand its business initiatives beyond traditional steel manufacturing. Mr. Jie Liu expressed confidence in Mr. Zhang's abilities, noting that his extensive background in financial markets and corporate growth will be instrumental in guiding the company towards its future objectives. Liu stated, “We are pleased to welcome Mr. Zhang as Chairman of the Board. His deep background in financial markets, capital structure strategy, and corporate growth will provide valuable governance and strategic oversight as we advance our business initiatives.”

Mr. Zhang, honored by his new role, highlighted his commitment to building upon the strong foundation established by the company. He emphasized the intention to partner closely with Mr. Liu and the management team to explore diversifying the company's focus. Key priorities identified include venturing into next-generation clean energy and solid-state lithium battery technologies. “I look forward to partnering closely with our Board and the broader management team as we seek to diversify from traditional cold roll-formed steel profile manufacturing into areas that hold great potential for long-term growth,” he affirmed.

Hongli Group, legally constituted in the Cayman Islands, consolidates the financial results of its operational subsidiaries through various contractual arrangements. With over 25 years of experience in the cold-rolled steel profile market, the company has developed extensive clientele across more than 30 cities in China and has fostered an international presence, including markets in South Korea, Japan, and the United States. Currently, it operates 11 cold roll forming production lines, producing a diverse array of profile products tailored to sectors such as mining, construction, agriculture, and transportation.

As the company embarks on this new chapter, it remains committed to its mission of delivering innovative solutions to its customers while creating value for its shareholders. The future appears bright for Hongli Group as it embraces new opportunities and faces the challenges in the evolving market landscape.