GAC Group approves continued related-party transactions

Guangzhou Automobile Group (SSE:601238) announced the resolutions passed at its 83rd meeting of the sixth session of the board of directors, held on March 21, 2025. All 10 attending board members voted in favor of the resolution regarding continued related-party transactions from 2025 to 2027. The approval allows GAC Group to proceed with signing relevant agreements as required by the Hong Kong Stock Exchange listing rules. The transactions involve the provision of logistics services to GAC Group and its subsidiaries by the foreign partner of a major entity under joint control, including its affiliates, and constitute related-party transactions under the Hong Kong Stock Exchange regulations.