Shandong Binzhou Bohai Piston Co LtdCompleted acquisition of three subsidiaries' stakes, expanding business scope.

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.
Shandong Binzhou Bohai Piston Co LtdCompleted acquisition of three subsidiaries' stakes, expanding business scope.
Sold stakes in three subsidiaries to Bohai Automotive, completing transaction.
51% stake registered under Bohai Automotive, part of completed asset transfer.