ZOOMLION (01157) intends to sell approximately 29.99% of the shares of Shenzhen Roadrover Technology (002813.SZ) for RMB 899.7 million.

ZOOMLION (01157) announced that on October 13, 2026, the Company, the acquirer (Yuanzhuo Angel (Longyou) New Energy Partnership (Limited Partnership)), and Mr. Zhang Wutang entered into a Share Transfer Agreement, pursuant to which the Company has conditionally agreed to sell, and the acquirer has conditionally agreed to purchase, 35.988 million sale shares (representing approximately 29.99% of the issued share capital of the target company, Shenzhen Roadrover Technology Co., Ltd.), for a total cash consideration of RMB 899.7 million. Pursuant to the terms of the Share Transfer Agreement, the parties also agreed that: (i) after completion, the offeror will make an offer to all shareholders of the target company to acquire no less than 16.8 million target shares not already owned by the offeror and its concert parties at the same price per share as the consideration per share (or a higher price as required by applicable PRC laws), and (ii) upon the making of the offer, the Company intends to submit the 16.8 million target shares it holds (representing approximately 14.0% of the issued share capital of the target company) for pre-acceptance of the offer for acquisition. The target company is listed on the Shenzhen Stock Exchange under stock code 002813. The target group is principally engaged in the development, production, sales, and servicing of products related to automotive information technology and intelligent systems. The two transactions are intended to optimize resource allocation and promote better development of the target company. The Company obtained control of the target company in 2022 through agreement-based transfers and a partial offer, aiming to leverage the listed company platform to realize industrial synergies and improve its business layout. During the period of control, the Company promoted the improvement of the target company's corporate governance structure and stabilized its operations and management. Through the two transactions, the Company will, together with the acquirer, support the stable development of the target company's business and duly perform the decision-making procedures and information disclosure obligations related to the transactions in accordance with regulations. On the one hand, the Company will, based on business development needs, continue to support the target company's intelligent-related synergistic businesses; on the other hand, the Company and the acquirer intend to, in accordance with the strategic plans and operating arrangements of all parties, promote the integrated development of the target company's "intelligent" and "green" industries. The two transactions are prudent decisions made by the Company based on changes in the internal and external operating environment, with clear commercial logic, compliant decision-making procedures, and fair and reasonable pricing. The proceeds from the two transactions will be used for the continued development of the Company's principal businesses and to supplement its working capital, enabling the Company to focus on its relevant diversification, globalization, and digitalization strategic investments, improve resource allocation efficiency and operating standards, and better reward the Company's shareholders.