On 2 December 2025, a public disclosure form was released concerning the privatisation by way of merger of Dongfeng Motor Group Co. Ltd. The Executive received notification under Rule 22 of the Hong Kong Code on Takeovers and Mergers detailing securities dealings in the offeree company’s shares. BlackRock, Inc., designated as a Class (6) associate due to its holdings in Dongfeng Motor Group, executed several transactions on 1 December 2025.

BlackRock made a purchase of 4,000 shares at a price of 9.15 dollars each, resulting in a total holding of 130,265,349 shares, or approximately 5.2269% of Dongfeng Motor Group’s outstanding shares. Shortly after, a sale of 2,000 shares at 9.15 dollars led to a new balance of 130,263,349 shares (5.2268%). BlackRock subsequently sold 82,000 shares at 9.1444 dollars, declining to a balance of 456,000 shares (0.0183%), and later sold 630,000 shares at 9.1243 dollars, adjusting its shareholding to 1,086,000 (0.0436%). These dealings were conducted on behalf of discretionary investment clients.