Core Viewpoint - Geely Automobile and Zeekr have successfully passed the merger agreement, marking a significant step in Geely's "One Geely" strategy, with Zeekr becoming a wholly-owned subsidiary of Geely after the merger [1][2] Group 1: Merger Details - On September 15, Zeekr's shareholders voted in favor of the merger agreement with Geely, achieving a 94.2% approval rate [1] - Geely announced plans to acquire all outstanding shares of Zeekr, with shareholders having the option to receive cash or exchange for Geely shares [2] - The merger is expected to be completed by the end of this year, contingent upon the approval of both Geely and Zeekr shareholders [2] Group 2: Financial Performance - Zeekr reported total revenue of 27.431 billion yuan in the second quarter, a year-on-year decrease of 0.9% but a quarter-on-quarter increase of 24.6% [2] - The net loss for Zeekr in the second quarter was 287 million yuan, which represents an 88.8% year-on-year reduction and a 62.4% quarter-on-quarter reduction [2] Group 3: Previous Developments - Geely holds approximately 65.7% of Zeekr's shares prior to the merger, indicating a strong controlling interest [1] - Zeekr had previously merged with Lynk & Co, with Lynk & Co becoming a non-wholly-owned subsidiary of Zeekr [2]

Core Viewpoint - The automotive industry is experiencing a strong performance, with several companies' stocks hitting the limit up, indicating positive market sentiment and potential growth opportunities [1]. Industry Summary - The automotive index closed at 16,659.06, with a trading volume of 17.1 billion and a turnover of 35.583 billion, reflecting a 2.31% increase [2]. - The China Automotive Industry Association has issued a payment standard initiative aimed at ensuring fair payment practices between vehicle manufacturers and suppliers, promoting a collaborative ecosystem [4]. - The initiative encourages long-term stable partnerships between manufacturers and suppliers, with contracts lasting no less than one year [4]. Company Responses - Chery Group has committed to adhering to the payment standards and ensuring compliance with the initiative [6]. - Li Auto has reaffirmed its commitment to a 60-day payment period for suppliers, emphasizing timely delivery and settlement [8]. - Seres has expressed support for the initiative, advocating for self-discipline among companies to foster high-quality industry development [10]. - Changan Automobile has successfully implemented the 60-day payment commitment and developed an efficient payment process for suppliers [12]. - GAC Group has pledged to uphold its commitments to suppliers and promote healthy development across the supply chain [14]. - BYD has committed to implementing the initiative and focusing on key contract elements to enhance collaboration with partners [16]. - NIO has expressed its dedication to building a mutually beneficial relationship with suppliers, emphasizing the importance of a healthy supply chain [18][19]. - Xiaomi Auto has reiterated its commitment to the 60-day payment period and aims to enhance supply chain resilience [21]. - SAIC Group has standardized its supplier payment period to 60 days and will avoid practices that increase financial pressure on suppliers [23][24]. - XPeng Motors has committed to maintaining the 60-day payment period and ensuring efficient operations with partners [26]. - Leap Motor has pledged to support the initiative and ensure supply chain stability [28][29]. - Geely Auto Group has expressed its commitment to implementing the initiative in key operational areas [31].

Core Points - The special shareholders' meeting of Zeekr Technology approved multiple proposals, including the merger agreement with Geely Automobile, with a 94.2% approval rate, marking a significant step in the "One Geely" strategy [1] - Following the merger, Zeekr Technology will become a wholly-owned subsidiary of Geely Automobile and will no longer be listed on the New York Stock Exchange [1] - Geely Automobile aims to enhance overall group synergy by integrating internal resources and eliminating redundant investments under the guidance of the "Taizhou Declaration" strategy [1] Company Strategy - Zeekr Technology focuses on developing high-end luxury electric vehicles, and the merger will allow Geely to leverage its high-performance, intelligent, and global advantages [1] - The merger will enable Geely to comprehensively cover mainstream, mid-to-high-end, and luxury segments, forming a diverse power system that includes fuel, pure electric, plug-in hybrid, and hydrogen fuel cell vehicles [1] - The successful approval of the merger agreement marks the final phase of the "One Geely" initiative, laying the foundation for cost advantages, enhancing brand competitiveness, and increasing global market influence [1]

Group 1 - The core point of the article is the approval of the merger agreement between Zeekr Technology and Geely Automobile, marking a significant step in the "One Geely" strategy with a 94.2% approval vote from shareholders [1] - Following the merger, Zeekr Technology will become a wholly-owned subsidiary of Geely Automobile and will no longer be listed on the New York Stock Exchange [1] - The merger will enable Geely Automobile to integrate its high-performance, intelligent, and global advantages, enhancing its capabilities in technology, products, supply chain, manufacturing, marketing, and international resources [4] Group 2 - The merger will allow Geely Automobile to cover mainstream, mid-to-high-end, and luxury segments, creating a diverse power system that includes fuel, pure electric, plug-in hybrid, and hydrogen electric vehicles [4] - The successful passage of the merger agreement signifies the completion of the "One Geely" strategy, establishing a solid foundation for the group to build cost advantages, enhance brand competitiveness, and increase global market influence [4]

吉利汽车9月15日在港交所公告，此前，公司拟透过收购所有已发行及发行在外的极氪股份及极氪美国 存托股份（不包括除外极氪股份）进行私有化。9月15日，根据开曼群岛公司法的规定，有关合并协议 项下拟进行之交易在极氪股东大会上取得极氪股东的正式批准。公司、合并附属公司及极氪将继续致力 于达成该通函"合并协议－先决条件"一节所载先决条件。合并协议项下拟进行之交易须待当中所载之先 决条件达成后，方可作实，且未必会进行。 ...

Core Viewpoint - Geely Automobile (00175) announced the latest progress regarding the merger agreement, including privatization and merger matters, with formal approval from Zeekr shareholders expected on September 15, 2025, according to Cayman Islands company law [1]. Group 1 - Geely Automobile is progressing with a merger agreement that involves privatization and other related transactions [1]. - The formal approval from Zeekr shareholders is scheduled for September 15, 2025 [1].

Group 1 - Geely Automobile (00175) announced the latest progress regarding the merger agreement, which includes privatization and merger matters [1] - The merger transaction is set to receive formal approval from Zeekr shareholders at the Zeekr shareholders' meeting on September 15, 2025, in accordance with the Cayman Islands company law [1]

Group 1 - The core point of the article is that Geely Automobile plans to privatize Zeekr by acquiring all issued and outstanding shares of Zeekr and its American Depositary Shares, excluding certain shares [1] - The transaction is set to be approved at a Zeekr shareholders' meeting on September 15, 2025, in accordance with the laws of the Cayman Islands [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並表明不會就因本公佈全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 茲提述本公司日期為二零二五年五月七日、二零二五年七月十五日及二零二五年九月五 日之公佈，以及本公司日期為二零二五年八月十八日有關合併協議之通函（「該通函」）。 根據合併協議，本公司將透過收購所有已發行及發行在外的極氪股份及極氪美國存託股 份（不包括除外極氪股份）進行私有化。除本公佈另有界定或文義另有所指外，本公佈所 用詞彙與該通函所界定者具有相同涵義。 極氪私有化之進展 本公司謹此告知股東及潛在投資者有關合併協議項下擬進行之交易（包括私有化及合併事 項）的最新進展情況。於二零二五年九月十五日，根據開曼群島公司法的規定，有關合併 協議項下擬進行之交易在極氪股東大會上取得極氪股東的正式批准。 本公司、合併附屬公司及極氪將繼續致力於達成該通函「合併協議－先決條件」一節所載 先決條件。誠如該通函所披露，該等交易須待若干先決條件達成後，方告完成。本公司 將於必要時就合併協議項下擬進行之交易的進展適時另行刊發公佈。 - ...

Core Viewpoint - Zeekr Group has received shareholder approval for a merger with Geely Automobile Holdings Limited, which will result in Zeekr becoming a wholly-owned subsidiary of Geely [1] Group 1: Merger Details - The extraordinary general meeting of shareholders took place on September 15, 2025, where shareholders voted in favor of the merger proposal [1] - The merger agreement was initially announced on July 15, 2025, and involves Keystone Mergersub Limited, a wholly-owned subsidiary of Geely, merging with Zeekr Group [1] - Following the merger, Zeekr Group will be the surviving entity and will operate as a wholly-owned subsidiary of Geely [1]