Tiger Brokers

QINGLING MOTORS Seeks Shareholder Approval for RMB 7.13 Billion Connected-Party Deals Through 2028

Bulletin Express
Apr 16

QINGLING MOTORS has issued a circular calling for shareholder approval of seven renewed or new continuing connected-party agreements that will govern core supplies, sales and services for 2026-2028.

Key Agreements & Proposed Annual Caps 1. Chassis Supply Agreement – Sale of chassis to Qingling Group and its unit Qingling Zhuanyong; annual caps: RMB 275.49 million (2026), RMB 393.56 million (2027), RMB 432.92 million (2028).

2. Parts Supply Agreements – Purchase of stamping, casting, forging, axles, seats, plastics and related services/leases from Qingling-affiliated parts makers; aggregate caps: RMB 1.52 billion, RMB 2.18 billion, RMB 2.46 billion.

3. Zhuanyong Moulds Supply Agreement – Purchase of moulds and processing services; caps: RMB 3.00 million, RMB 5.00 million, RMB 8.00 million.

4. Hydrogen-Powered Modules Supply Agreement with Bosch JV – Procurement of fuel-cell modules; caps: RMB 988.71 million, RMB 1.76 billion, RMB 2.59 billion.

5. Bosch Sales Agreement – Sale of gearbox sub-assemblies to Bosch JV; caps: RMB 326.47 million, RMB 668.19 million, RMB 1.12 billion.

6. Supply Agreement with Isuzu-China Engine JV – (i) Engine parts/raw materials to IEC: caps of RMB 445.20 million, RMB 530.60 million, RMB 637.00 million; (ii) Engines/parts from IEC: caps of RMB 1.10 billion, RMB 1.34 billion, RMB 1.61 billion.

7. Autoparts & Materials Agreement – Supply of scrap metal, semi-finished parts and crafting materials to nine Qingling autoparts subsidiaries; caps: RMB 204.32 million, RMB 324.73 million, RMB 357.87 million.

Governance & Timetable • Independent shareholders will vote at an extraordinary general meeting on 15 May 2026 in Chongqing. • Controlling shareholder Qingling Group (50.10% stake), substantial shareholder Isuzu (20.00%) and their associates will abstain from voting. • An Independent Board Committee recommends approval; Halcyon Capital Limited is the independent financial adviser.

All agreements run from 1 January 2026 to 31 December 2028 and are renewable subject to future approvals. The Board states that pricing follows market benchmarks or cost-plus margins (capped at 8% or 10% as applicable) and that the deals will secure key supplies, support new-energy vehicle expansion and optimise resource utilisation.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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