GEELY AUTO announces the final stage of the merger with Jiuke shareholders.

On December 9th, GEELY AUTO Holdings Limited (0175.HK, hereinafter referred to as "GEELY AUTO") announced the final results and implementation plan of the price selection by the holders of ZK Intelligent Technology Holdings Limited (NYSE: ZK, hereinafter referred to as "ZK") in the privatization transaction, marking the final stage of the return to "One Geely". ZK shareholders who chose to receive shares as consideration accounted for approximately 70.8% of eligible ZK shareholders, and GEELY AUTO will issue a total of 777,228,611 shares as consideration to them. These consideration shares will have the same rights as the existing shares issued by GEELY AUTO, including dividend distribution, voting rights, and capital returns. ZK shareholders who chose or were deemed to have chosen cash consideration accounted for approximately 29.2% of eligible ZK shareholders, and GEELY AUTO will pay a total of approximately $701 million in cash. Specifically, each ZK share can be exchanged for $2.687 in cash or 1.23 shares of GEELY AUTO as consideration, and each ZK American Depositary Share can be exchanged for $26.87 in cash or 12.3 shares of GEELY AUTO American Depositary Shares. According to the plan, the merger between GEELY AUTO and ZK is expected to be completed by December 29, 2025. After the merger, leveraging the leading position of its luxury technology brand, ZK, in the global luxury new energy market, GEELY AUTO will integrate its high-performance, intelligent, and global advantages, combine it with its strong foundation in mainstream markets, and fully synergize technology, products, supply chains, manufacturing, marketing, and international resources. GEELY AUTO will achieve comprehensive coverage in mainstream, mid-to-high-end, and luxury markets, establishing a diversified power system encompassing "fuel + pure electric + plug-in hybrid + methanol-hydrogen electric", further strengthening its intelligent manufacturing and technological innovation capabilities, and focusing on continuous improvement in profitability and long-term returns for shareholders. Guided by the "Taizhou Declaration" strategic direction, GEELY AUTO's operations have continued to grow, with significant improvements in operational efficiency and robust cash flow, continuously unleashing the systematic synergies of the "One Geely" system. According to financial reports, in the first three quarters of 2025, GEELY AUTO achieved operating income of 239.5 billion yuan, a year-on-year increase of 26%; core net profit attributable to shareholders was 10.62 billion yuan, a year-on-year increase of 59%, demonstrating a significant improvement in profitability; efficiency improvements were achieved in management expenses, sales expenses, and research and development expenses. As of the end of September 2025, GEELY AUTO's total cash level reached 60.1 billion yuan, with a net cash level of 45.2 billion yuan, providing ample cash reserves for long-term development. With the formal implementation of the merger consideration, the return to "One Geely" is about to be completed, laying a solid foundation for GEELY AUTO to build outstanding cost advantages, enhance brand matrix competitiveness, and strengthen global market influence.