Harmony Auto completes strategic disposal of subsidiary equity interest

China Harmony Auto Holding Limited announced the completion of its discloseable transaction involving a proposed subscription and disposal of equity interest in a subsidiary. The closing of this transaction, referenced in an earlier announcement dated September 1, 2025, took place on September 10, 2025. This marks a new height of capital collaboration between Harmony Auto and the unnamed subscriber.

The strategic investment reinforces the subscriber's recognition and trust in the target company and supports Harmony Auto's philosophy of mutual benefit and win-win cooperation. Upon completion, the subscriber will empower the target company to accelerate its overseas development strategy in the new energy vehicle sector, enhancing service quality and operational efficiency, and bolstering its role in the global development strategy of the BYD brand.

Harmony Auto and the subscriber aim to make important contributions to the development of new energy vehicles and pioneer a new chapter in global green and intelligent transportation. The company’s board of directors, led by chief executive and executive director Liu Fenglei, expressed satisfaction with the development from Zhengzhou, PRC.