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On April 30, JAC Motors made a public announcement stating its intention to invest in Yinwang Intelligent Technology Co., Ltd. This company boasts major shareholders such as Huawei, which holds an 80% stake, and Seres, with a 10% shareholding, among others. At present, an investment agreement between the two parties remains unsigned. Details including the investment amount, transaction mode, and price are still under negotiation and have yet to be finalized. Upon the completion of the transaction, Yinwang will transform into a company with equity participation from JAC. Notably, this move will not alter the scope of its consolidated financial statements, nor is it anticipated to constitute a related-party transaction, adhering to standard financial reporting practices and regulations.
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