BAIC MOTOR (01958) plans to sell 51% of its equity in BAIC International for approximately 1.608 billion yuan.

BAIC MOTOR (01958) announced that on November 21, 2025 (after the trading session), the company entered into a stock purchase agreement with BAIC Group. According to this agreement, the company has conditionally agreed to sell, and BAIC Group has conditionally agreed to purchase, 51% of the equity of BAIC International for a total cash consideration of approximately RMB 1.608 billion (the final price shall be based on the evaluated equity value as stated in the asset evaluation report filed by the competent authority). Upon completion of the transaction, BAIC International will be owned 51% by BAIC Group and 49% by the company. BAIC International will no longer be a subsidiary of the company and its financial performance will no longer be consolidated into the group accounts. In 2025, the Chinese automobile export market maintained strong growth. From January to October, the national automobile export volume reached 5.616 million units, an increase of 15.7% year-on-year. In order to further deepen its internationalization strategy and actively seize the opportunity to go global, the company decided to sell 51% of the equity of BAIC International to BAIC Group and introduce BAIC Group as a shareholder of BAIC International. After the completion of the transaction, on one hand, the company can leverage the platform advantages of BAIC Group to empower BAIC International in overseas product development, brand building, investment and financing, etc., providing strong group resource support for the company's internationalization strategy; on the other hand, the company still holds 49% of the equity of BAIC International, which will help to continue to share the long-term dividends brought by the high-quality development of BAIC International. The company intends to use the proceeds from the sale for the consolidation of the group's general operating funds and actively promote the development of the group's business to enhance the company's core competitiveness and development capabilities.