Core Viewpoint - Zeekr Intelligent Technology Holding Limited has completed its merger with Keystone Mergersub Limited, becoming a wholly-owned subsidiary of Geely Automobile Holdings Limited and ceasing to be a publicly traded company [1][2]. Group 1: Merger Details - The merger was approved by Zeekr's shareholders on September 15, 2025, and became effective on December 22, 2025 [2]. - Each Zeekr Share has been cancelled in exchange for either US$2.687 in cash or 1.23 newly issued Geely Shares, with similar terms for Zeekr ADS holders [2]. - Hong Kong Non-Professional Investors will receive cash only for their Zeekr Shares and ADSs, without the option for Geely Shares [2]. Group 2: Trading and Reporting Changes - Trading of Zeekr ADSs on the New York Stock Exchange has been suspended effective December 22, 2025, and a Form 25 will be filed to notify the SEC of the delisting [3]. - The company intends to suspend its reporting obligations under the Securities Exchange Act of 1934 by filing a Form 15 with the SEC [3]. Group 3: Advisory and Legal Counsel - Kroll, LLC is serving as the financial advisor to the Special Committee of independent directors, with legal counsel provided by Simpson Thacher & Bartlett LLP and Davis Polk & Wardwell LLP [4]. - Citigroup Global Markets Asia Limited is the financial advisor to Geely, with legal counsel from Latham & Watkins LLP [5]. Group 4: Company Overview - Zeekr Group, headquartered in Zhejiang, China, is a leading premium new energy vehicle group under Geely Holding Group, focusing on creating a fully integrated user ecosystem [6]. - The company aims to develop its own software systems, e-powertrain, and electric vehicle supply chain, emphasizing values of equality, diversity, and sustainability [6].
Zeekr Group Announces Completion of Merger