BAIC BluePark: Share trust agreement termination announced

BAIC BluePark New Energy Technology (SSE:600733) announced that BAIC Motor, its controlling shareholder, has terminated its share trust agreement with BAIC Group, effective March 28, 2025. This decision was made during a BAIC Motor board meeting. The original agreement, established in March 2024, entrusted BAIC Motor's voting rights and other related rights in BAIC BluePark to BAIC Group. However, this termination does not alter the ultimate control of BAIC BluePark; BAIC Group remains the controlling shareholder, and the actual controller remains the Beijing Municipal People's Government State-owned Assets Supervision and Administration Commission. The company advises investors to exercise caution and be aware of investment risks.