Bohai Auto announced that the company plans to purchase 51% of the shares of BAIC Moulding, 51% of Langfang Andao Tuo's shares, and 50% of Langfang Leoni Wire Harness and raise supporting capital by issuing shares and paying cash. At present, the settlement and transfer procedures for the underlying assets have been completed. Subsequently, the company still needs to pay consideration for the transaction, complete the supporting fund-raising, and process procedures such as registration and filing of new shares and related changes. All parties are required to determine the ownership of profits and losses during the transition period and continue to fulfill relevant agreements, commitments and information disclosure obligations. Independent financial advisers and legal advisers believe that the execution process of the transaction was in compliance and that there were no substantial legal barriers to handling follow-up matters.

Bohai Auto announced that the company plans to purchase 51% of the shares of BAIC Moulding, 51% of Langfang Andao Tuo's shares, and 50% of Langfang Leoni Wire Harness and raise supporting capital by issuing shares and paying cash. At present, the settlement and transfer procedures for the underlying assets have been completed. Subsequently, the company still needs to pay consideration for the transaction, complete the supporting fund-raising, and process procedures such as registration and filing of new shares and related changes. All parties are required to determine the ownership of profits and losses during the transition period and continue to fulfill relevant agreements, commitments and information disclosure obligations. Independent financial advisers and legal advisers believe that the execution process of the transaction was in compliance and that there were no substantial legal barriers to handling follow-up matters.