Qingling Motors Co., Ltd. (01122.HK) plans to acquire all approximately 30.43% equity interest in Isuzu Engine held by Qingling Group.

Zhitong Finance APP News, Qingling Motors Co., Ltd. (01122.HK) announced that on March 20, 2026, the Company, Qingling Group, Isuzu, and Isuzu Engine entered into a targeted capital reduction agreement, pursuant to which Isuzu reduced its equity interest in Isuzu Engine by US$3.95597 million. The registered capital of Isuzu Engine was reduced from US$324 million to US$320 million, with a consideration of RMB 26.4843 million. After the capital reduction, the contribution ratios of Isuzu Engine changed from 50.61%, 30.06%, and 19.33% held by Isuzu, Qingling Group, and the Company, respectively, to 50%, 30.43%, and 19.57%. As of the date of this announcement, Isuzu Engine is held 50% by Isuzu, 30.43% by Qingling Group, and 19.57% by the Company.