Core Viewpoint - Guanghui Baoxin (01293.HK) has been informed by its upstream suppliers, BMW Brilliance Automotive Ltd. and BMW (China) Automotive Trade Ltd., that due to non-compliance with certain commercial terms of the BMW Dealer Agreement, BMW will gradually revoke the authorization for Guanghui Baoxin to sell BMW vehicles starting in mid-August 2025 [1] Group 1 - The majority of BMW dealership revenue accounts for 40% and 43% of the total revenue for the fiscal year ending December 31, 2023, and the six months ending June 30, 2024, respectively [1] - The board of directors acknowledges that the revocation will have a certain impact on the company's operations and financial condition [1] - The company is actively coordinating and communicating with BMW, but as of the date of the announcement, no agreement has been reached [1] Group 2 - The company aims to maintain its existing automotive brand authorizations while strategically transforming to align with market demands and trends [1]
广汇宝信(01293.HK)：宝马将陆续撤销集团经销网点销售宝马汽车的授权