Group 1 - Harmony Auto (03836) announced a share subscription agreement with Golden Link Worldwide Limited, involving a subscription amount of $40 million (approximately RMB 285 million), which represents 9.9999% of the enlarged issued share capital of the target company, iCar Group Limited [1] - Following the completion of the transaction, the target company will be held directly by Harmony Auto (49.5001%), EGL (40.5000%), and the subscriber (9.9999%), with Harmony Auto controlling 90.0001% of the voting rights [1] - The subscription amount will be used for the general working capital of the target group [1] Group 2 - The subscription is based on the long-term strategic synergy between the subscriber and the company, recognizing the company's strong brand operation capabilities and valuable overseas channels [2] - This subscription is expected to deepen cooperation and accelerate the overseas market expansion of BYD brand electric vehicles, covering sales and after-sales services [2] - The transaction will optimize the company's capital structure, enhance overall competitiveness, and create sustainable long-term value for shareholders [2]