Changes in Hong Kong stocks | Geely Auto (00175) rose more than 5% and recently completed the privatization of Extreme Krypton

The Zhitong Finance App learned that Geely Auto (00175) rose by more than 5%. As of press release, it had risen 5.5% to HK$17.85, with a turnover of HK$731 million.

According to the news, Geely Automobile announced that all preconditions for the proposed transaction (including privatization and merger matters) under the merger agreement have been met, and the relevant transaction was completed on December 22, 2025. After completion of the proposed transaction under the merger agreement: According to the privatization arrangement, the Company has acquired all issued and previously issued Extreme Krypton shares and Extreme Krypton American Depositary Shares. According to the merger, the consolidated subsidiary has been merged with Extreme Krypton, while Extreme Krypton continues to operate as a surviving entity. As a result, Kyokrypton has been privatized as a wholly-owned subsidiary of the Company and delisted from the NYSE.

According to reports, since its establishment, Extreme Krypton has focused on the high-end pure electric market, and its products cover various segments such as coups, MPVs, and SUVs. According to the data, the cumulative delivery volume of Polar Krypton has exceeded 600,000 units, and the average bicycle price is close to 300,000 yuan. On the technical side, the vast architecture built by Extreme Krypton and related technologies such as electric hybrid, smart chassis, and assisted driving may gradually be applied to more Geely models. CICC pointed out that after Geely Automobile merged with Krypton, the image of “One Geely” was strengthened, and a more clear management organization structure can further gain the trust of the capital market.