FAW Jiefang plans major asset restructuring and sells part of its equity in FAW Finance Co., Ltd.

FAW Jiefang Group Co., Ltd. announced that it is planning a major asset reorganization and plans to sell its 21.8393% stake in FAW Finance Co., Ltd. to China First Automobile Co., Ltd. through a non-public agreement transfer. After the transaction is completed, FAW Jiefang will no longer hold shares in FAW Finance Co., Ltd.