FAW Jiefang Group (000800.SZ) intends to sell 21.8393% of the equity of FAW Financial to its controlling shareholder for 4.924 billion yuan.

FAW Jiefang Group (000800.SZ) announced that the company plans to sell its 21.8393% equity stake in FAW Finance to its controlling shareholder FAW Group through a non-public agreement transfer. After this transaction is completed, the company will no longer hold any equity in FAW Finance. The total price for the sale of 21.8393% equity stake in FAW Finance is 4.924 billion yuan. Prior to this transaction, the company's main business was research and development, production, sales, and service of commercial vehicles. The target company, FAW Finance, is a financial company under FAW Group, providing various financial products such as deposits, fund settlement, loans, bills, and foreign exchange settlements for the group, its members, and end customers. It also provides automotive financial services for customers purchasing vehicles from FAW Group's various brands. After this transaction is completed, the company's main business remains unchanged, and it will continue to vigorously develop its core products, striving to become a leading provider of green intelligent transportation solutions in China and globally.