Ju Chao Zi Xun·2025-12-23 09:44Group 1 - Geely Automobile announced the completion of the privatization and merger of Zeekr Intelligent Technology Holdings, making Zeekr a wholly-owned subsidiary and delisting from the New York Stock Exchange, marking the final stage of the "One Geely" strategy integration [2] - The privatization process began in May 2025, with Geely announcing plans to acquire all outstanding shares of Zeekr, followed by the signing of a merger agreement on July 15, allowing shareholders to choose cash or Geely shares as compensation [2] - On December 9, Geely revealed that 70.8% of eligible Zeekr shareholders opted for Geely shares, resulting in the issuance of 777,228,611 shares, while 29.2% chose cash compensation amounting to approximately $701 million [2] Group 2 - Geely launched a share buyback plan approved by the board on October 6, 2025, with a maximum amount of HKD 2.3 billion, executed by Morgan Stanley & Co. International plc, aimed at optimizing capital structure and boosting market confidence [3] - The buyback plan commenced on the first trading day following the deadline for Zeekr's compensation choice in mid-December 2025, with a termination date set for six months after the start date or upon reaching the total buyback amount [3] - Following the completion of the privatization, Zeekr's financial performance will continue to be fully consolidated into Geely's financial statements, enhancing Geely's coverage across mainstream, mid-to-high-end, and luxury segments, and strengthening resource synergy and global competitiveness [3]