BAIC BluePark approves 2026 related-party transactions, plans subsidiary loans

BAIC BluePark New Energy Technology (BAIC BluePark) has estimated its 2026 ordinary related-party transactions will not exceed RMB 5,252,358.00万元, as approved by its Eleventh Board of Directors' Fourteenth Meeting on December 10, 2025. This estimate includes transactions such as raw material purchases, product sales, and service provision, reflecting the company’s operational needs and resource advantages. The transaction volume for 2026 is projected to increase compared to 2025, with Beijing Automotive Group Co., Ltd. and its subsidiaries being significant related parties.

Shareholders will convene on December 29, 2025, for the Fourth Extraordinary General Meeting of 2025 to vote on the 2026 related-party transaction estimates and the use of raised funds. Associated shareholders, including Beijing Automotive Group Co., Ltd., will abstain from voting on the related-party transaction proposal.

Furthermore, BAIC BluePark plans to provide loans to its holding subsidiary, Beijing New Energy Vehicle Co., Ltd., using proceeds from its private placement of shares, for an amount not exceeding RMB 600,000.00万元. These funds are designated for two key projects: the New Energy Vehicle Model Development Project (RMB 500,000.00万元) and the AI Intelligent Platform and Intelligent Driving Electrification System Development Project (RMB 100,000.00万元). This initiative supports the implementation of fundraising projects, with loan terms and interest rates based on market conditions, ensuring financial oversight and project advancement.