Following Leapmotor's 10th-anniversary press event, the senior leadership of Leapmotor Technology held a media roundtable. Leapmotor has announced its intention to issue 74.832 million domestic shares to FAW Equity at a price of RMB 50.03 per share, amounting to a total investment of RMB 3.744 billion. Once this share issuance is finalized, these shares will represent 20.47% of the enlarged domestic share capital and 5% of Leapmotor's total issued shares. Zhu Jiangming, the visionary founder of Leapmotor, emphasized that both entities have unequivocally agreed to preserve the founding team's effective control over the company. He further noted that the equity stakes held by FAW and Stellantis would not only ensure the company's operational stability but also bolster its resilience against risks. Shu Chuncheng, a high-ranking executive at Leapmotor Technology, highlighted that the collaboration with FAW has earned the endorsement of a prominent central state-owned enterprise. This endorsement is poised to elevate brand recognition and solidify consumer trust. Through this partnership, both parties can leverage their respective strengths, establish a robust equity framework, with FAW explicitly stating it has no intention of seeking a controlling interest.