Shang Hai Zheng Quan Bao·2025-10-08 19:19Core Points - The company has decided to participate in the restructuring of SAIC Hongyan Automotive Co., Ltd. by forming a consortium with other parties, contributing approximately RMB 666.36 million as part of a total investment of RMB 3 billion [2][43][48]. - The company has also proposed to delay the completion date of a fundraising project related to the "F series 10/11L heavy-duty engine project" to September 2026, while maintaining the project's content and total investment unchanged [8][31][37]. - A temporary shareholders' meeting is scheduled for October 16, 2025, to discuss and vote on the aforementioned proposals [12][43]. Group 1: Investment in Restructuring - The company will join forces with Shanghai Automotive Industry Group Co., Ltd., Chongqing Liangjiang New Area High-Quality Development Private Equity Investment Fund, and Chongqing Development Asset Management Co., Ltd. to participate in the restructuring of SAIC Hongyan [2][43][48]. - The total investment from the consortium is expected to be RMB 3 billion, with the company contributing RMB 666.36 million, aiming to acquire approximately 14.66% of the equity post-restructuring [2][48][49]. - The restructuring plan requires approval from the court and other relevant authorities, and the company will handle all related documentation and negotiations [2][43][48]. Group 2: Fundraising Project Delay - The company has approved a delay for the "F series 10/11L heavy-duty engine project," with the new completion date set for September 2026, due to market demand and operational adjustments [8][31][37]. - The project remains unchanged in terms of content and total investment, with the company emphasizing that the delay will not adversely affect the project's implementation or the company's normal operations [31][37][38]. - The decision to delay was made after a thorough review of market conditions and the project's feasibility, ensuring alignment with the company's long-term strategic goals [31][36][38]. Group 3: Shareholders' Meeting - The company has announced a temporary shareholders' meeting to be held on October 16, 2025, to discuss the investment in SAIC Hongyan's restructuring and the delay of the fundraising project [12][43]. - The meeting will utilize a combination of on-site and online voting methods, allowing shareholders to participate conveniently [12][13]. - All proposals discussed in the meeting have been pre-approved by the company's board and relevant committees [12][43][51].