BAIC MOTOR (01958) announced that on November 21, 2025 (after trading hours), the company entered into a share purchase agreement with BAIC Group. Under the agreement, BAIC MOTOR conditionally agreed to sell, and BAIC Group conditionally agreed to acquire, a 51% stake in BAIC International for a total cash consideration of approximately RMB1.608 billion (the final price will be determined based on the assessed equity value stated in the Asset Valuation Report filed with relevant authorities).

Upon completion of the transaction, BAIC International will be 51% owned by BAIC Group and 49% by BAIC MOTOR, ceasing to be a subsidiary of BAIC MOTOR. Consequently, its financial results will no longer be consolidated into the group's accounts.

In 2025, China's automobile export market maintained strong growth, with total exports reaching 5.616 million units from January to October, up 15.7% year-on-year. To further deepen its internationalization strategy and capitalize on overseas opportunities, BAIC MOTOR has decided to sell the 51% stake in BAIC International to BAIC Group, introducing the latter as a shareholder.

Post-transaction, BAIC International will benefit from BAIC Group's platform advantages in overseas product development, branding, and investment, accelerating BAIC MOTOR's global expansion with robust group support. Meanwhile, BAIC MOTOR will retain a 49% stake, allowing it to continue sharing in BAIC International's long-term growth dividends.

Proceeds from the sale will be used to strengthen the group's working capital and advance business development, enhancing core competitiveness and growth capabilities.