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According to Zhitong Finance App News, Hongqiao Group (08137.HK) issued an announcement. Regarding the equity transfer agreement, Kairong and Geely Auto agreed to sell about 24.5% and 17.0% of Shandong Hengyuan New Energy Technology Co., Ltd., at a cost of RMB 9.29 million and RMB 5.51 million respectively; and the debt transfer agreement. Kairong and the Company will each transfer debt A and debt B to Suzhou Apulex at zero cost. All prerequisites under the share transfer agreement have been fulfilled, so the sale was completed on December 29, 2025.

Zhitongcaijing·12/29/2025 11:33:06
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According to Zhitong Finance App News, Hongqiao Group (08137.HK) issued an announcement. Regarding the equity transfer agreement, Kairong and Geely Auto agreed to sell about 24.5% and 17.0% of Shandong Hengyuan New Energy Technology Co., Ltd., at a cost of RMB 9.29 million and RMB 5.51 million respectively; and the debt transfer agreement. Kairong and the Company will each transfer debt A and debt B to Suzhou Apulex at zero cost. All prerequisites under the share transfer agreement have been fulfilled, so the sale was completed on December 29, 2025.