出售事项交割完成后，北汽国际将由北汽集团持股51%、北京汽车持股49%，不再作为北京汽车附属公司，其财务业绩也将不再并入北京汽车集团账目。北 京汽车预计将确认除税前出售收益约人民币22亿元，所得款项将用于补充集团营运资金及业务发展，提升核心竞争力。 北京汽车指出，2025年中国汽车出口市场持续增长，1-10月全国汽车出口量达561.6万辆，同比增长15.7%。此次交易旨在深化国际化战略，把握出海机遇： 一方面借助北汽集团平台优势，在海外产品开发、品牌建设、投融资等方面为北汽国际全面赋能；另一方面通过保留49%股权，持续分享北汽国际高质量发 展带来的长期红利。 据介绍，北汽国际成立以来主要从事海外销售及分销北京汽车自有品牌乘用车，截至2025年9月30日，其经审核净资产为人民币92,771.57万元。2023年至 2024年，受全球市场波动影响，北汽国际净利润有所下滑，但随着海外渠道完善及属地化运营深化，未来有望实现规模效应与盈利能力提升。 12月10日，北京汽车发布公告，宣布拟向控股股东北京汽车集团有限公司（以下简称"北汽集团"）出售全资附属公司北京汽车国际发展有限公司（以下简 称"北汽国际"）51%股权。 ...

Core Insights - Beijing Automotive is focusing resources on the development of its own brand, with recent executive changes aimed at addressing operational challenges [1][3] Group 1: Executive Changes - Chen Geng has been appointed as the new president of Beijing Automotive, succeeding Song Wei, while Gu Xin and Zhu Yan have joined the board [1][2] - Chen Geng, a "post-70s" executive, has a background in the auto parts sector, previously serving as the president of Beijing Hainachuan Automotive Parts Co., Ltd. [2] - Gu Xin, also a "post-70s," is currently the secretary of the board and head of capital operations at BAIC Group, bringing extensive experience in capital operations and corporate management [2] - Zhu Yan, a "post-80s," serves as the vice president and CFO of Beijing Automotive, with a background in auditing and financial management [2] Group 2: Business Performance and Goals - In the first half of 2025, Beijing Automotive reported a total revenue of 82.398 billion yuan and a net profit of 360 million yuan attributable to shareholders [3] - The company aims to enhance market share and operational efficiency through a focus on "marketing empowerment, cost control, and quality improvement" in the second half of 2025 [3] - The strategic goal for the "14th Five-Year Plan" includes achieving significant growth in sales volume, targeting over 3 million units sold from 2025 to 2027, and over 4 million units from 2028 to 2030 [3] Group 3: Strategic Framework - The "1958" strategy supports the company's goals, encompassing five business segments: independent passenger vehicles, independent commercial vehicles, joint venture passenger vehicles, auto parts, and services and trade [4]

此乃要件 請即處理 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通函的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本通函全部或任何部份內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 閣下如對本通函任何方面有任何疑問，應諮詢 閣下的股票經紀或其他註冊證券商、銀行經理、律師、專 業會計師或其他專業顧問。 閣下如已出售或轉讓名下的全部北京汽車股份有限公司股份，請忽略本通函連同隨附的代表委任表格。 北京汽車股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1958） 有關出售全資附屬公司51%股權的須予披露及關連交易 建議委任董事 建議修訂公司章程 建議修訂股東會議事規則 建議修訂董事會議事規則 及 2025年第三次臨時股東會通告 獨立董事委員會及獨立股東之獨立財務顧問 BAIC MOTOR CORPORATION LIMITED* 董事會函件載於本通函第5至46頁。 本公司謹訂於2025年12月29日（星期一）上午九時三十分在中國北京市順義區雙河大街99號北京汽車產業研 發基地南樓一層多功能廳召開臨時股東會，其通告載於本通函第EGM-1至EGM-2 ...

本人╱吾等 （附註1） 地址為 北京汽車股份有限公司 BAIC MOTOR CORPORATION LIMITED* （於中華人民共和國註冊成立的股份有限公司） （股份代號：1958） 為北京汽車股份有限公司（「本公司」） 股 內資股╱H股 （附註2） 之登記持有人，茲委任大會主席，或 （附註3） 於2025年12月29日（星期一）舉行之 2025年第三次臨時股東會之代表委任表格 與本代表委任表格有關的股份數目 與本代表委任表格有關的股份類別（內資股或H股） 日期︰ 簽名或公章 （附註6） ︰ 附註︰ 收集個人資料聲明 地址為 本代表委任表格所指的「個人資料」具有《個人資料（私隱）條例》（第486章）（「私隱條例」）賦予「個人資料」之相同涵義，當中包括 閣下及 閣下代表之姓名及地址。 為本人╱吾等的代表出席2025年12月29日（星期一）上午9時30分在中國北京市順義區雙河大街99號北京汽車產業研發基地南樓一層多功能廳 召開的本公司2025年第三次臨時股東會（「臨時股東會」），並於該會（或其任何續會）上代表本人╱吾等，依照下列指示就臨時股東會通告所 載列之決議案投票。如無作出指示，則由本人╱吾等的代表酌情決定 ...

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通告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 北京汽車股份有限公司 BAIC MOTOR CORPORATION LIMITED* （於中華人民共和國註冊成立的股份有限公司） 特別決議案 5, 建議修訂公司章程 承董事會命 北京汽車股份有限公司 董事長 王昊 （股份代號：1958） 2025年第三次臨時股東會通告 茲通告北京汽車股份有限公司（「本公司」）謹訂於2025年12月29日（星期一）上午九時三十分在中國北 京市順義區雙河大街99號北京汽車產業研發基地南樓一層多功能廳舉行2025年第三次臨時股東會 （「臨時股東會」），以考慮並酌情通過下列決議案（不論有否修訂）。除文義另有所指外，本通告所用詞 彙與本公司日期為2025年12月10日的通函內所界定者具有相同涵義： 普通決議案 * 僅供識別 1 1. (a) 批准股權收購協議及其項下擬進行的出售事項；及 (b) 授權董事會、並由董事會轉授本公司董事長及管理層權限，負責出售事項相關事宜。 2. 建議 ...

進一步公告 有關出售全資附屬公司51%股權的須予披露及關連交易 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告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告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。 北京汽車股份有限公司 BAIC MOTOR CORPORATION LIMITED* （於中華人民共和國註冊成立的股份有限公司） （股份代號：1958） 承董事會命 北京汽車股份有限公司 董事會秘書及公司秘書 于丹 中國北京，2025年12月10日 於本公告日期，董事會包括董事長兼執行董事王昊先生；非執行董事胡漢軍先生及陳宏良先生；執 行董事宋瑋先生；非執行董事彭進先生、葉芊先生、高旭先生、Kevin Walter Binder先生、顧鐵民先 生及孫力先生；以及獨立非執行董事尹援平女士、徐向陽先生、唐鈞先生、薛立品先生及紀雪洪先 生。 茲提述北京汽車股份有限公司（「本公司」）日期為二零二五年十一月二十一日之公告（「該公告」），內容 有關（其中包括）本公司出售一間全資附屬公司之51%股權。除另有說明，本公告所用詞彙與該公告所 界定者具有相同涵 ...

Core Insights - Beijing Automotive's strategic focus is on transforming its operations through the development of "AI Virtual Driver" and "AI Super Assistant" as core product lines, aiming to overcome current development bottlenecks and advance towards intelligent vehicles and comprehensive connectivity [3][8]. Group 1: Technological Advancements - The company has made significant progress in smart technology, exemplified by the creation of the Yuanjing AI model platform, which integrates top-tier specialized models such as DeepSeek and Doubao [5][10]. - The Yuanjing AI model platform has been implemented in multiple models from the Arcfox and Beijing Off-road brands, supporting high-frequency services like AI scheduling assistant and AI pre-vehicle preparation, with cumulative usage exceeding 800 million times [6][10]. - The Arcfox Alpha S5 received the "Automotive Cockpit AI Model Intelligent Interaction Verification Certificate" in February, setting a new benchmark for intelligent interaction in the industry [6][10].

Core Viewpoint - The dispute between BAIC Group and Beijing Automotive Manufacturing Factory over the "BAIC" brand highlights that the division of a company is not merely resolved through a share transfer agreement, as the definition of intangible brand heritage can lead to more complex and enduring challenges [2][4]. Group 1: Background of the Dispute - BAIC Manufacturing was established in 1951 and became a significant player in China's automotive industry, with the "BAIC" brand gaining national recognition through the production of the BJ212 off-road vehicle in 1965 [4]. - In 2015, BAIC Group transferred 51% of BAIC Manufacturing's shares to a private entity, leading to BAIC Manufacturing becoming a private company [5]. - Following the share transfer, BAIC Manufacturing began to emphasize its historical connection to the "BAIC" brand, which led to tensions with BAIC Group [7]. Group 2: Legal Proceedings - Since 2021, BAIC Group has filed multiple lawsuits against BAIC Manufacturing for trademark infringement, claiming that BAIC Manufacturing has used the "Beijing" trademark without authorization [8]. - The court ruled in favor of BAIC Group, recognizing the brand's established market presence and the potential for consumer confusion [9]. - The lengthy duration of the legal proceedings is attributed to the extensive evidence required in trademark and unfair competition cases [9]. Group 3: Future Implications - BAIC Manufacturing has appealed the first-instance ruling, indicating that the legal battle is far from over [11]. - Experts suggest that companies should prioritize the clear delineation and protection of intangible assets during asset restructuring or divestiture to avoid similar disputes in the future [11][12]. - The case serves as a reminder for companies to include detailed contractual terms regarding the use of brand names and trademarks in share transfer agreements to prevent future conflicts [12].

Core Viewpoint - The dispute between BAIC Group and Beijing Automotive Manufacturing (referred to as "BAIC Manufacturing") over the use of the "BAIC" brand has resulted in a first-instance victory for BAIC Group, although BAIC Manufacturing has appealed the decision. This case highlights the complexities of brand heritage ownership and the challenges that arise after corporate restructuring, indicating that the division of tangible assets does not resolve the issues surrounding intangible brand legacies [2][9]. Group 1: Background of the Dispute - BAIC Manufacturing was established in 1951 and is recognized as one of the early pioneers of China's automotive industry [3]. - The "BAIC" brand gained national recognition with the successful production of the BJ212 off-road vehicle in 1965, which became a symbol of Beijing's state-owned automotive industry [4]. - In 2015, BAIC Group transferred 51% of BAIC Manufacturing's shares to a private enterprise, leading to BAIC Manufacturing becoming a private company [5]. Group 2: Nature of the Dispute - The conflict arose when BAIC Manufacturing began using the "Beijing" brand in its marketing and vehicle models starting in 2021, which prompted BAIC Group to file a lawsuit [2][6]. - BAIC Group claims that BAIC Manufacturing's use of the "Beijing" trademark constitutes trademark infringement and has filed multiple lawsuits since 2021 [7]. - The court recognized BAIC Group's long-standing use of the "BAIC" brand and its associated trademarks, establishing its significant market presence and brand recognition [8]. Group 3: Future Implications - BAIC Manufacturing has announced its intention to appeal the first-instance ruling, indicating that the legal battle is far from over [9]. - Experts suggest that BAIC Group should learn from this case to ensure clearer delineation and protection of intangible assets during future asset restructuring [9]. - Similar disputes over brand usage rights are not uncommon in the industry, as evidenced by past cases involving other companies [10].

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告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 北京汽車股份有限公司 北京汽車股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司謹訂於2025年12月 29日（星期一）在中國北京市順義區雙河大街99號北京汽車產業研發基地南樓一層多功能廳舉行臨時 股東會（「臨時股東會」），以尋求本公司股東（「股東」）批准（其中包括）(i)股權收購協議及據此擬進行之 出售事項（定義見本公司日期為2025年11月21日的公告）；(ii)建議修訂公司章程、 建議修訂股東會議 事規則及建議修訂董事會議事規則（定義見本公司日期為2025年11月21日的公告）；及(iii)建議委任董 事。 為確定有權出席臨時股東會並於會上投票的股東，本公司將於2025年12月22日（星期一）至12月29日 （星期一）（包括首尾兩日）期間，暫停辦理股份過戶登記手續，期間將不會進行任何本公司股份（「股 份」）的過戶登記。為符合資格出席臨時股東會並於會上投票，H股持有人最遲須於 ...