On March 25, BAIC Motor (01958.HK) released a statement indicating that, after thorough deliberation and in light of the prevailing market conditions, regulatory requirements of the capital market, and the company's strategic development plans, it has, in consultation with its listing advisory firm, mutually agreed to terminate the guidance for its initial public offering (IPO) and subsequent listing. This decision was formalized through the signing of a termination agreement by both parties. Looking ahead, BAIC Motor intends to strategize and implement pertinent capital market initiatives promptly, aligning them with its growth objectives and the evolving market landscape. The board of directors is of the opinion that this strategic shift will not materially and adversely affect the company's business operations, financial standing, or the collective interests of the company and its shareholders.