On December 10, BAIC Motor made an announcement detailing its plan to divest a 51% stake in its wholly-owned subsidiary, BAIC International Development Co., Ltd., to its controlling shareholder, Beijing Automotive Group Co., Ltd. The transaction price is set at RMB 1,607,574,000. This valuation was derived from an assessment report provided by an independent appraiser, Beijing Zhongqihua Asset Appraisal Co., Ltd., with the appraisal benchmark date being September 30, 2025. Employing the income approach, the total equity value of BAIC International's shareholders was estimated at RMB 3,152,105,800. The value corresponding to the 51% stake forms the basis of the transaction price. The payment for this transaction will be made in two cash installments: 50% will be remitted on the effective date of the equity acquisition agreement, while the remaining 50% will be settled within one year following the completion of the equity change registration. Once the sale is finalized, BAIC Group will hold a 51% stake in BAIC International, with BAIC Motor retaining a 49% stake. Consequently, BAIC International will no longer be classified as a subsidiary of BAIC Motor, and its financial results will cease to be consolidated into BAIC Group's accounts. BAIC Motor expects to record a pre-tax gain from the sale of approximately RMB 2.2 billion. The funds generated from this transaction will be utilized to bolster the group's working capital and support business development initiatives, thereby strengthening its core competitiveness.