Core Viewpoint - Guanghui Baoxin (01293) announced that its upstream supplier, BMW Brilliance Automotive Ltd. and BMW (China) Automotive Trade Ltd. (collectively referred to as "BMW"), informed the company that due to non-compliance with certain commercial terms in the BMW Dealer Agreement, BMW will gradually revoke the authorization for Guanghui Baoxin's dealerships to sell BMW vehicles around mid-August 2025 [1] Financial Impact - The total revenue generated from BMW dealership outlets accounted for 40% and 43% of Guanghui Baoxin's total revenue for the fiscal year ending December 31, 2023, and the six months ending June 30, 2024, respectively [1] Operational Strategy - The board of directors believes that the revocation will have a certain impact on the company's operations and financial condition. However, the company will strive to maintain its existing automotive brand authorizations and will strategically transform to adjust its brand structure in line with market development demands and trends [1]
广汇宝信：宝马将会于8月中旬左右陆续撤销本集团经销网点销售宝马汽车的授权