Dongfeng Motor Group Company Limited (489) Announces Fulfilment of Merger Pre-Conditions and Progress on Proposed Privatisation

Bulletin Express
Feb 12

Dongfeng Motor Corporation (DFM), Dongfeng Motor Group (Wuhan) Investment Company Limited (the Offeror), and Dongfeng Motor Group Company Limited (the Company, stock code: 489) jointly announced that, as of 12 February 2026, all pre-conditions for the proposed conditional privatisation of the Company by the Offeror by way of merger by absorption have been fulfilled. This development relates to the proposed Distribution of VOYAH shares held by the Company and the proposed withdrawal of the Company’s listing.

According to the announcement, the required approvals and filings for the Merger, Distribution, and the Listing by Introduction of VOYAH have been obtained, including the completion of filings with the relevant authorities. The announcement confirms that the merger pre-conditions, such as obtaining approval-in-principle from the Stock Exchange for the Listing by Introduction, are now fully met.

The parties plan to dispatch a Composite Document no later than seven days after satisfying all pre-conditions or reaching the long-stop date of 10 July 2026, as previously granted by the relevant authorities. Shareholders and potential investors are reminded that the Merger remains subject to additional conditions relating to its effectiveness and implementation, including requirements for Distribution conditions. The finalisation of the Merger Agreement and the Distribution is not guaranteed; further details will be available in forthcoming disclosures.

The announcement reiterates that neither DFM, the Offeror, nor the Company can provide assurance that all conditions will be fully satisfied or waived. Shareholders and investors are therefore urged to exercise caution when dealing in the Company’s securities and to consult professional advisers if in doubt.

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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