· Japanese shareholders will withdraw 100% of Changhe Suzuki Changhe Automobile

Recently, Beiqi Changhe issued the “Announcement on the Change of the Original Jiangxi Changhe Suzuki Automobile Co., Ltd. to a wholly-owned subsidiary of Jiangxi Changhe Automobile Co., Ltd.”. Netcom has learned from its official that Suzuki Motor will be from Jiangxi through friendly negotiation between the shareholders. Changhe Suzuki Automobile Co., Ltd. (Changhe Suzuki) completely withdrew its capital.

Sino-foreign joint venture Jiangxi Changhe Suzuki Automobile Co., Ltd. (hereinafter referred to as “Changhe Suzuki”), through the friendly negotiation between the shareholders, the Japanese shareholder transferred the entire equity of Changhe Suzuki held to Jiangxi Changhe Automobile Co., Ltd. (hereinafter referred to as For “Changhe Automobile”, it has been approved by the competent government department, and on May 30, 2018, the procedures for changing the business registration of the equity and company name were completed.

After the change of the equity transfer, Changhe Automobile holds 100% equity of the new company (formerly Changhe Suzuki), and the original Japanese shareholders no longer bear any responsibility related to the new company (formerly Changhe Suzuki) including market products, Changhe Automobile undertakes The new company (formerly Changhe Suzuki) has all statutory responsibilities and continues to support the development of the new company.