Geely Automobile proposes to privatize Zeekr Automobile, and Zeekr plans to delist from the New York Stock Exchange

Geely Auto submitted a non-binding offer letter to Zeekr, proposing to acquire Zeekr at a price of US$2.566 per Zeekr share or US$25.66 per American depositary share, which is a premium of approximately 13.6% over the closing price of Zeekr's American depositary shares on the New York Stock Exchange on the last trading day. To complete the privatization, Geely Auto plans to raise funds through multiple channels such as issuing new shares, using cash reserves and debt financing to ensure the smooth progress of the transaction. If the privatization is completed, Zeekr will become a wholly-owned subsidiary of Geely Auto and will be delisted from the New York Stock Exchange, achieving a complete merger with Geely Auto.