Qingling Motors Co., Ltd. (01122) Signs Capital Reduction Agreement to Fully Control Qingling Mould

Zhitong Finance APP News, Qingling Motors Co., Ltd. (01122) announced that on October 16, 2026 (after trading hours), the company, Qingling Group, and Qingling Mould entered into a capital reduction agreement, pursuant to which Qingling Group intends to reduce its approximately 49.4% equity interest in Qingling Mould, with a capital reduction consideration of approximately RMB 202 million. As a result, the registered capital of Qingling Mould will be reduced from approximately RMB 309 million to approximately RMB 156 million, with a corresponding reduction in registered capital of approximately RMB 153 million. Upon completion of the capital reduction, the company's shareholding ratio in Qingling Mould will increase from approximately 50.6% to 100%. Qingling Mould will remain a subsidiary of the company, and its financial results will continue to be consolidated into the group's consolidated financial statements.