Wuling Motors Renews Key Subsidiary Agreement

Wuling Motors Holdings Limited (HK:0305) has released an update.

Wuling Motors Holdings Limited has renewed its Equipment Purchase Framework Agreement with subsidiary Wuling Auto Tech for the years 2024-2025, with proposed annual spending caps of RMB50 million each year, excluding VAT. The agreement, which is exempt from independent shareholder approval, is considered a continuing connected transaction under the Listing Rules due to Wuling Auto Tech’s affiliation with Wuling Industrial’s ultimate controlling shareholder, Guangxi Automobile.

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