Luxshare Precision: The controlling shareholder plans to invest 10.054 billion yuan to purchase the relevant equity of Chery Group.

On the evening of February 11th,Luxshare Precision(002475)announcementOn the same day, the company signed the “Strategic Cooperation Framework Agreement” with Chery Holding Group Co., Ltd., Chery Automobile Co., Ltd., and Chery New Energy Vehicle Co., Ltd. (the above companies and their related parties are collectively referred to as “Chery Group”). at the same time,Luxshare PrecisionholdingshareholderIt is planned to invest 10.054 billion yuan to purchase the relevant equity of Chery Group.

　　Luxshare PrecisionAccording to the announcement, on the basis of the above agreement, the company and Chery New Energy intend to jointly form a joint venture company, specializing in the R&D and manufacturing of new energy vehicles, and to provide cutting-edge R&D, design, quantity and quality for the core parts business of Luxshare Precision Automobile. production platform and export to the sea, committed to the realization of the company’scar partsThe mid- and long-term goals of Tier 1 leading manufacturers.

The announcement stated that on the day when the above agreement was signed, Luxshare Precision’s controlling shareholder Luxshare Co., Ltd. (“Luxshare Co., Ltd.”) and Qingdao Wudaokou New Energy Automobile IndustryfundEnterprise (Limited Partnership) (referred to as “Qingdao Wudaokou”) signed the “Equity transferFramework Agreement, which stipulates that Luxshare Limited will purchase 19.88% of Chery Holdings, 7.87% of Chery Shares and 6.24% of Chery New Energy held by Qingdao Wudaokou for 10.054 billion yuan. Shares and Chery New Energy constitute control. Before the signing of the Equity Transfer Framework Agreement, Qingdao Wudaokou held a 46.77% stake in Chery Holdings and was the largest shareholder of Chery Holdings.

(Article source: ChinasecuritiesReport · China Securities Network)

Article source: China Securities Journal China Securities Network

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Original title: Luxshare Precision: The controlling shareholder plans to invest 10.054 billion yuan to purchase the relevant equity of Chery Group