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Autohome Inc. Announces Results of 2024 Annual General Meeting

1. Mr. Song Yang re-elected as a director at annual general meeting. 2. Autohome maintains strong platform for automobile consumers in China. 3. Company plans to reduce auto industry transaction costs through technology.

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Why Bullish?

Re-election of board members can signal stability and continuity, which historically has led to positive market reactions, such as during prior leadership confirmations that have been well-received, leading to increased investor confidence.

How important is it?

The article discusses leadership stability and strategic direction, which is essential for investor confidence and direct operations affecting stock performance.

Why Short Term?

The immediate impact from the re-election of executives might reflect in close future stock prices, similar to past instances where leadership changes influenced stock movement positively within weeks.

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BABANIOXPEV
, /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced that the following proposed resolution submitted for shareholder approval has been adopted as an ordinary resolution at its 2024 annual general meeting of shareholders held in Beijing today: Mr. Song Yang is re-elected as a director of the Company and each director of the Company be and is hereby authorized to take any and every action that might be necessary to effect the foregoing resolution as such director, in his or her absolute discretion, thinks fit. About Autohome Inc. Autohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online destination for automobile consumers in China. Its mission is to relentlessly reduce auto industry decision-making and transaction costs driven by advanced technology. Autohome provides occupationally generated content, professionally generated content, user-generated content, and AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company's dealer subscription and advertising services allow dealers to market their inventory and services through Autohome's platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Autohome operates its "Autohome Mall," a full-service online transaction platform, to facilitate transactions for automakers and dealers. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit https://www.autohome.com.cn/. For investor and media inquiries, please contact: In China: Autohome Inc.Investor RelationsSterling SongInvestor Relations Director  Tel: +86-10-5985-7483E-mail: [email protected] Christensen China LimitedSuri ChengTel: +86-185-0060-8364E-mail: [email protected] SOURCE Autohome Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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