BAIC Motor Discloses Related Party Transaction Details in Annual Report Supplement for 2025 Fiscal Year

Deep News
Sep 15

On September 15, BAIC Motor (01958.HK) released a supplementary announcement to its annual report for the year ending December 31, 2025, detailing the transaction amounts for the group's related party transactions. Expressed in RMB thousands, these related party transactions primarily involve sales of goods and materials, real estate, and plant and equipment. Specifically, sales to fellow subsidiaries amounted to RMB 18,970,313 thousand, while sales to other related companies totaled RMB 2,189,338 thousand.

Regarding the purchase of goods and materials, the company procured RMB 21,768,152 thousand from fellow subsidiaries and RMB 53,200,396 thousand from other related companies, with the portion constituting related party transactions reaching RMB 53,037,257 thousand. In terms of receiving services, amounts paid to fellow subsidiaries were RMB 4,087,348 thousand, and to other related companies were RMB 6,409,505 thousand.

The company confirmed that financial assistance received from BAIC Group and its subsidiary, BAIC Group Finance Co., Ltd., was provided on normal commercial terms without pledging the group's assets, and is fully exempt from compliance with Listing Rules Chapter 14A.90. Additionally, for services provided to Fujian Benz Automotive Co., Ltd. and the procurement of certified used vehicle services from Hyundai Premier Used Car Operation Co., Ltd., all applicable percentage ratios are below 1%, thus fully exempted from compliance with Listing Rules Chapter 14A.76.

These transactions are all fully exempt from the reporting, announcement, independent shareholders' approval, and annual review requirements under Chapter 14A of the Listing Rules. The company confirmed adherence to all stipulations under Chapter 14A. Except for the disclosures outlined above, all other information contained in the 2025 annual report remains unchanged.

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