Dongfeng Motor Group Company Limited (489) (“the Company”), together with Dongfeng Motor Corporation (“DFM”) and Dongfeng Motor Group (Wuhan) Investment Company Limited (“the Offeror”), announced progress on the proposed pre-conditional privatisation by way of merger by absorption, the proposed distribution of VOYAH shares, and the proposed withdrawal of the Company’s listing. This initiative follows the joint announcement dated 22 August 2025, which outlined the Merger Agreement and related steps.

According to the latest joint announcement, the second Merger Pre-Condition (approval by VOYAH shareholders regarding the distribution of VOYAH shares and the listing by introduction) has been fulfilled as of 19 September 2025. The remaining requisite governmental approvals, including those from the National Development and Reform Commission (NDRC), the Ministry of Commerce (MOFCOM), and the State Administration of Foreign Exchange (SAFE), along with filings related to the Listing by Introduction, have yet to be satisfied. Once these requirements are met, further updates will be released.

The announcement reiterates that the Merger Agreement will become effective only upon the satisfaction of all Merger Pre-Conditions and Merger Conditions. Similarly, the proposed distribution of VOYAH shares is subject to specified Distribution Conditions, including the Stock Exchange’s approval for the Listing by Introduction. Each party emphasizes that there is no assurance all requisite approvals will be secured and recommends that shareholders and potential investors exercise caution when dealing in the Company’s securities.