Is there any change in the equity transfer of GAC Aian? Project Party: It will be carried out privately and will no longer be listed publicly.

According to news on August 7, an investment announcement issued by the Beijing Equity Exchange yesterday attracted market attention. The announcement pointed out that GAC Aian New Energy Vehicle Co., Ltd. planned to transfer part of its equity through listing, and revealed that GAC Aian’s recent Preparations are being made for the IPO listing of Hong Kong stocks. However, the announcement was quickly taken down after a brief appearance.

1. According to the relevant project contact person’s explanation to Red Star Capital Bureau, the cancellation of this investment announcement is due to the need to adjust the information disclosure method.

2. They hold the equity of GAC Aian through a partnership, and what they plan to sell now is their share in the partnership, rather than directly transferring the equity of GAC Aian.
3. Such an adjustment is intended to follow feedback from GAC Aion and avoid directly disclosing its shareholding structure.
4. Although the investment announcement has been withdrawn, the news that GAC Aion is preparing for the Hong Kong IPO is still spreading like wildfire.
5. According to the editor’s understanding, GAC Aian has developed rapidly in recent years, with cumulative sales exceeding 480,000 units in 2023, a year-on-year increase of 77%. This outstanding sales performance undoubtedly adds a lot of confidence to GAC Aian's road to listing. -->

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