BAIC BluePark New Energy Technology (600733.SH): BAIC BJEV plans to increase capital and expand its shareholding by introducing external investors, with the capital increase amount not exceeding 500 million yuan.

BAIC BluePark New Energy Technology (600733.SH) announced that, in order to meet the needs of its subsidiary's business development and optimize its capital structure, the company's controlling subsidiary Beijing Electric Vehicle Co., Ltd. ("BAIC BJEV") plans to introduce external investors through a public listing for capital increase and share expansion, with the capital increase amount not exceeding 500 million yuan. After the successful implementation of this capital increase, the company will remain the controlling shareholder of BAIC BJEV. Prior to this capital increase, BAIC BluePark New Energy Technology and its wholly-owned subsidiary Beijing BluePark Arcfox Automobile Technology Co., Ltd. collectively held 71.70% equity in BAIC BJEV, while other shareholders held 28.30% equity in BAIC BJEV. In addition to BAIC BJEV's capital increase of no more than 500 million yuan through public listing, BAIC BluePark New Energy Technology and its controlling shareholder BAIC MOTOR Group Co., Ltd. plan to jointly increase capital in BAIC BJEV, with a total capital increase amount not exceeding 1.638 billion yuan, of which BAIC BluePark New Energy Technology plans to increase capital in cash by no more than 1 billion yuan, and BAIC MOTOR Group Co., Ltd. plans to increase capital in cash by no more than 638 million yuan. The equity structure after the capital increase shall be subject to the capital increase agreement ultimately signed by all parties and the public listing conditions.