BAIC motor shareholders approve key connected transactions

BAIC Motor Corporation Limited announced that all proposed resolutions were duly passed as ordinary resolutions at its 2025 Second Extraordinary General Meeting (EGM), held on October 22, 2025. Key approvals included the renewal of the Products and Services Purchasing Framework Agreement, the Provision of Products and Services Framework Agreement, and the Trademark Licensing Framework Agreement with BAIC Group.

Specifically, the resolution for the purchase of products and services saw 99.813190% votes "For," while the sale of products received 99.813588% "For" votes. Transactions under the Trademark Licensing Framework Agreement garnered 99.813555% "For" votes. The entry into the Financial Services Framework Agreement and its proposed annual caps was approved with 85.596560% "For" votes, despite 14.216995% "Against" votes.

BAIC Group, holding approximately 46.90% of the total issued share capital, abstained from voting on all resolutions due to its material interests as the sole controlling shareholder. Shareholders and proxies representing 3,013,669,621 shares with voting rights attended the meeting.