FAW Jiefang estimates $317m in related transactions for 2025

FAW Jiefang Group (SZSE: 000800) projects daily related-party transactions of approximately CNY 2.29 billion for the year 2025, compared to CNY 1.77 billion in the previous year. The transactions primarily involve entities related to China First Automobile Group (FAW). Key counterparties include FAW Foundry, FAW Logistics and FAW Faway Automobile Components. The company's board of directors has already approved the proposal, with related directors abstaining from the vote. The plan awaits shareholder approval, with FAW Group and its affiliates expected to abstain from voting at the shareholder meeting. Independent directors have issued a positive opinion. Guotai Junan Securities have determined that procedure is in line with regulation.