Chengxing Co., Ltd. announced that the company, Tianji Co., Ltd., Yongtai Technology, and SAIC Motor will jointly increase the capital of its subsidiaries Chengju Chuangxing and Xuzhou Hongda. In the first step, Chengxing Ruixiang, Tianji Co., Ltd. and Yongtai Technology increased their capital to Chengju Chuangxing by a total of 94.14 million yuan. After completion, Chengxing Ruixiang held 51% of the shares. In the second step, Chengju Chuangxing and SAIC Motor held 45% and 20% of Xuzhou Hongda's shares with capital increases of 95.14 million yuan and 42.29 million yuan respectively. After completion, Xuzhou Hongda was included in the scope of the company's consolidated statements. The transaction has been reviewed and approved by the board of directors, and it is still necessary to obtain antitrust review approval depending on the circumstances.

Chengxing Co., Ltd. announced that the company, Tianji Co., Ltd., Yongtai Technology, and SAIC Motor will jointly increase the capital of its subsidiaries Chengju Chuangxing and Xuzhou Hongda. In the first step, Chengxing Ruixiang, Tianji Co., Ltd. and Yongtai Technology increased their capital to Chengju Chuangxing by a total of 94.14 million yuan. After completion, Chengxing Ruixiang held 51% of the shares. In the second step, Chengju Chuangxing and SAIC Motor held 45% and 20% of Xuzhou Hongda's shares with capital increases of 95.14 million yuan and 42.29 million yuan respectively. After completion, Xuzhou Hongda was included in the scope of the company's consolidated statements. The transaction has been reviewed and approved by the board of directors, and it is still necessary to obtain antitrust review approval depending on the circumstances.