GAC Group announces daily related-party financial transactions

Guangzhou Automobile Group Co. Ltd. (GAC Group) has announced that its wholly-owned subsidiary, GAC Finance Co., plans to accept average daily deposits not exceeding CNY 8.8 billion and provide annual credit lines not exceeding CNY 12.6 billion to its joint ventures and affiliates. Additionally, GAC Business Co., another wholly-owned subsidiary, will apply for credit lines not exceeding CNY 3 billion for some joint ventures. These transactions, deemed related-party due to executive appointments, aim to enhance fund management efficiency and are pending shareholder approval at the annual general meeting. The transactions were approved by the 84th meeting of the sixth session of the board of directors on March 28, 2025.