Qingling Motors: Plans to acquire a 30.43% stake in Isuzu Engine

Qingling Motors announced that on October 9, 2026, it entered into an equity transfer agreement with its controlling shareholder, Qingling Group, to acquire all of Qingling Group's 30.43% equity interest in Isuzu Engine for approximately RMB 660 million. This transaction constitutes a major transaction and a connected transaction, and is still subject to approval by independent shareholders and consent from relevant regulatory authorities. Upon completion, the company will hold a 50% equity interest in Isuzu Engine and will jointly control the company with Isuzu. The company expects to dispatch a circular containing details of the transaction on or before November 15, 2026.