news flash·2025-05-07 08:32Core Viewpoint - Geely Auto has submitted a non-binding proposal to privatize Zeekr, offering to acquire all issued and outstanding shares and American Depositary Shares (ADS) of Zeekr, excluding those beneficially owned by the group [1] Group 1 - The proposed purchase price is $2.57 per share of Zeekr or $25.66 per ADS, representing a premium of approximately 13.6% over the last trading day’s closing price of the ADS on the NYSE [1] - The offer also reflects a premium of 20.0% over the volume-weighted average price of the ADS on the NYSE for the last 30 trading days prior to the proposal [1] - As of the announcement date, the group holds approximately 65.7% of the total issued and outstanding share capital of Zeekr [1] Group 2 - If the privatization proposal is completed, Zeekr will become a wholly-owned subsidiary of Geely Auto and will be delisted from the NYSE [1]