BAIC BluePark subsidiary repays RMB1.3 billion in working capital

Beijing New Energy Vehicle Co., Ltd. (BAIC New Energy), a subsidiary of BAIC BluePark New Energy Technology Co., Ltd., has successfully returned RMB1.3 billion of idle raised funds to its dedicated account. This repayment was completed on October 27, 2025, ahead of the November 2025 deadline.

The decision to temporarily use RMB1.3 billion of idle raised funds for working capital was approved by the company's Tenth Board of Directors (28th Meeting) and Tenth Supervisory Board (22nd Meeting) on October 30, 2024. This move was made to support operations without impacting investment projects or the safety of the funds, with the proceeds originating from a 2023 targeted share issuance that arrived on May 11, 2023.

The company's supervisory board and the sponsor, China Securities Co., Ltd., both consented to the temporary utilization of these funds. The full return of the entire RMB1.3 billion means that there are no outstanding idle raised funds remaining.