SAIC Group: Intends to transfer shares of SAIC Core Fund to its wholly owned subsidiary.

Sina Finance reported on March 31st, SAIC Group announced that SAIC Xinpeng Fund was established on July 7, 2023, with a total subscribed capital of 6.012 billion yuan. The company subscribed 6 billion yuan as a limited partner. As of the date of the announcement, the company has cumulatively paid in 317.7881 million yuan, and the fund has invested in 2 projects and has not exited. To optimize the industrial investment layout, the company plans to transfer all the held fund shares to its wholly-owned subsidiary, SAIC Finance. The transferred price for the contributed part is 331.4588 million yuan, and the un-contributed part is 0 yuan. This change does not affect the company's production and operation, and has no significant impact on its financial and operational conditions.