Geely Automobile Holdings Limited announces that its indirectly wholly-owned subsidiary, Zhejiang ZEEKR Asia Vets Technology Co., Ltd., plans to acquire 50% equity in Lynk & Co Automotive Technology Co., Ltd. for 9 billion yuan and to increase capital in Lynk & Co by about 0.367 billion yuan. After the transaction is completed, Geely Automobile will Hold 51% equity in Lynk & Co through ZEEKR, making Lynk & Co an indirect non-wholly-owned subsidiary of Geely Automobile.This transaction aims to strengthen the strategic integration and synergy of Geely Automobile, optimize the equity structure, and eliminate intra-industry competition. Geely Automobile states that by integrating the resources of ZEEKR and Lynk & Co, it can reduce redundant investment and enhance synergy in areas such as branding, technology, and...Show More

Geely Automobile Holdings Limited announces that its indirectly wholly-owned subsidiary, Zhejiang ZEEKR Asia Vets Technology Co., Ltd., plans to acquire 50% equity in Lynk & Co Automotive Technology Co., Ltd. for 9 billion yuan and to increase capital in Lynk & Co by about 0.367 billion yuan. After the transaction is completed, Geely Automobile will Hold 51% equity in Lynk & Co through ZEEKR, making Lynk & Co an indirect non-wholly-owned subsidiary of Geely Automobile.This transaction aims to strengthen the strategic integration and synergy of Geely Automobile, optimize the equity structure, and eliminate intra-industry competition. Geely Automobile states that by integrating the resources of ZEEKR and Lynk & Co, it can reduce redundant investment and enhance synergy in areas such as branding, technology, and supply chain, improving innovation capabilities and profitability.The transaction price is based on the independent evaluator's assessment of Lynk & Co's 100% equity value of 18.328 billion yuan using the market method. Geely Automobile expects that the transaction will have a positive impact on the synergistic development of each brand, beneficial to enhancing the overall competitiveness of the group and creating long-term value for shareholders.