Xin Lang Cai Jing·2025-11-10 11:12Core Viewpoint - GAC Group has entered into a significant equity transaction with Dongfeng Motor Group, involving the sale of a 50% stake in Dongfeng Honda Engine to GAC Honda for approximately RMB 1.1725 billion [1] Group 1: Equity Transaction Details - On October 30, 2025, GAC Honda and Dongfeng Motor Group signed an equity transaction contract [1] - The transaction involves Dongfeng Motor Group selling a 50% stake in Dongfeng Honda Engine for about RMB 1.1725 billion [1] - Following the contract, on November 10, 2025, GAC Honda, Honda, and Honda China entered into a capital increase agreement [1] Group 2: Capital Increase Agreement - The registered capital of GAC Honda will increase from USD 541 million to approximately USD 867 million [1] - The total capital increase amounting to about USD 326 million (approximately HKD 2,544,484,488) will be subscribed by GAC Group, Honda, and Honda China according to their respective shareholding ratios [1] - GAC Group will contribute approximately RMB 1.1725 billion as part of the capital increase, subject to the terms and conditions of the agreement [1] Group 3: Shareholding Structure - After the completion of the capital increase, GAC Group, Honda, and Honda China will maintain their respective shareholding ratios in GAC Honda, holding 50%, 40%, and 10% respectively [1]