Wuling motors proposes key agreements, bye-laws amendments

Wuling Motors Holdings Limited is proposing a 2026-2028 Mutual Product and Services Supply Framework Agreement with controlling shareholder Guangxi Automobile, extending existing continuing connected transactions for three years. The agreement covers sales of automotive components and vehicles, purchases of parts, moulds, and air-conditioner-related items, utility supply, and IT services. Proposed annual caps for sale transactions and purchase transactions exceed 5% of applicable percentage ratios, requiring independent shareholder approval at a special general meeting (SGM) on January 19, 2026.

Concurrently, the company seeks approval for proposed amendments to its bye-laws, enabling hybrid general meetings, electronic voting, and website-based notices, alongside other consequential changes. These amendments are subject to shareholder approval via a special resolution.

Additionally, Wuling Motors Holdings will propose the revocation of existing general mandates for share buybacks and share issuance, and the granting of new mandates. The new buyback mandate allows repurchasing up to 10% of issued shares, while the new issue mandate permits issuing up to 20% of issued shares. The issue mandate may also be extended by the number of shares repurchased under the new buyback mandate.