Geely plans to sell Ruilan Automobile shares for 504 million yuan

1
Zhejiang Jirun, a subsidiary of Geely Auto, signed an equity transfer agreement with Geely Qizheng, under which Zhejiang Jirun will sell 45% of Ruilan Auto's equity for a cash consideration of RMB 504 million. After the transaction is completed, Geely Auto will no longer hold any equity in Ruilan Auto and is expected to receive a profit of approximately RMB 117 million. The relevant data was excluded from the January sales report.