Shandong Binzhou Bohai Piston Co Ltd

Bohai Automotive announced that the transfer of target assets related to its share issuance and cash payment for asset acquisition, along with the supporting fund-raising and connected transaction, has been completed. Through the issuance of shares and cash payment, the company purchased a 51% stake in Beijing Beiqi Molding Technology Co., Ltd., a 51% stake in Hainachuan Adient Langfang Seating Co., Ltd., and a 50% stake in Langfang Leoni Wiring Systems Co., Ltd. from Beijing Hainachuan Automotive Parts Co., Ltd., and raised supporting funds. The company received the registration approval from the China Securities Regulatory Commission on July 27, 2026. As of now, the Beijing Economic-Technological Development Area Market Supervision Administration has issued a new business license to Beiqi Molding, and the 51% stake in Beiqi Molding has been registered under the company's name. The Langfang Economic-Technological Development Area Market Supervision Administration has issued a new business license to Langfang Adient, and the 51% stake in Langfang Adient has been registered under the company's name. The Sanhe Market Supervision Administration has issued a new business license to Langfang Leoni Wiring, and the 50% stake in Langfang Leoni Wiring has been registered under the company's name. The delivery and transfer procedures for the target assets involved in this transaction have been completed.

Bohai Automotive disclosed a shareholder shareholding increase plan. Indirect controlling shareholder BAIC Group will increase its holdings in the company by no less than 25 million yuan and no more than 50 million yuan through centralized competitive bidding. The company's high-end high-power piston production lines are operating at high load, and sales revenue from large-bore pistons continues to grow, mainly benefiting from demand for supporting power generation facilities in AI data center construction. Rising global AI computing power demand is driving expansion of the high-power diesel generator set market. Industry institutions predict that the global market size for large-bore diesel engines supporting data centers is expected to exceed 40 billion yuan by 2026. As a leading domestic piston manufacturer with perennial top sales volume, Bohai Automotive had all six production lines of its high-end high-power piston project fully operational in the first half of 2026, with capacity utilization running at high levels. The company is deeply cooperating with multiple leading diesel engine manufacturers, and its products are being supplied in batches to core hub-level data center projects in China.

Bohai Automotive announced that its plan to acquire 51% equity in Beijing Beiqi Mould Technology, 51% equity in Hainachuan Adient Langfang Seating, and 50% equity in Langfang Leoni Wiring Systems from Beijing Hainachuan Automotive Parts, through a combination of share issuance and cash payment, along with a concurrent fundraising, has received registration approval from the China Securities Regulatory Commission.

Bohai Automotive announced that its indirect controlling shareholder, Beijing Automotive Group, plans to increase its holdings of the company's A-shares within the next six months, with the increase amount ranging from no less than 25 million yuan to no more than 50 million yuan. The company achieved revenue of 677 million yuan in the first quarter of 2026, with a net profit attributable to the parent company of negative 6.76 million yuan.