SAIC Motor outlines significant related party transactions for H1 2026

SAIC Motor Corporation Limited is projecting substantial related party transactions for the first half of 2026, as detailed in its second extraordinary general meeting of shareholders materials for 2025. These include a total of CNY 750,000 for "Product Supply Framework Agreements," CNY 130,000 for "Integrated Service Framework Agreements," and CNY 30,000 for "Housing, Land, and Vehicle Lease Framework Agreements" with SAIC Industrial (Group) Co., Ltd. and its related enterprises. Additionally, "Financial Services Framework Agreements" (excluding SAIC Finance) are anticipated to reach CNY 350,000.

For Shanghai Motor Vehicle Testing and Certification Technology Research Center Co., Ltd., the "Integrated Service Framework Agreement" is expected to be CNY 50,000. Shanghai Jiene Smart Electric New Energy Technology Co., Ltd. has "Product Supply Framework Agreements" estimated at CNY 3,000 and "Integrated Service Framework Agreements" at CNY 300. Ruipu Lanjun Energy Co., Ltd. is projected to have "Product Supply Framework Agreements" amounting to CNY 200,000.

Separately, SAIC Finance Co., Ltd., a subsidiary of SAIC Motor, expects related party transactions with SAIC Industrial (Group) Co., Ltd. and its affiliates. These include CNY 30,000 in deposit interest, CNY 210,000 in loan quotas (including interest), and CNY 10,000 for other financial services. Additionally, Jiene Smart Electric New Energy Technology Co., Ltd. is expected to incur CNY 5 in deposit interest at SAIC Finance. The company also anticipates maintaining banking relationships with China Merchants Bank, with projected deposit balances not exceeding CNY 120 bn and credit facilities not exceeding CNY 450 bn.