Core Viewpoint - Beijing Automotive has entered into a partnership agreement with Shenzhen Anpeng, BAIC Group, BAIC Investment, and BAIC Foton to enhance capital operation synergy and strengthen its position within the BAIC Group's industrial chain ecosystem [2][3] Group 1: Partnership Agreement Details - Shenzhen Anpeng will contribute RMB 100,000, holding 0.0034% of the partnership equity - BAIC Group will contribute RMB 400 million, holding 13.7931% of the partnership equity - BAIC Investment will contribute RMB 14.999 billion, holding 51.7207% of the partnership equity - BAIC Foton and Beijing Automotive will each contribute RMB 500 million, holding 17.2414% of the partnership equity [2] Group 2: Strategic Implications - The partnership is expected to enhance supply chain stability and cost control capabilities for the company - It aims to foster innovation and secure future competitive advantages - The agreement will allow the company to share in industry development dividends through investment returns, creating a positive cycle [2] Group 3: Corporate Structure and Related Transactions - BAIC Group is the sole controlling shareholder of Beijing Automotive, holding approximately 46.9% of its issued share capital, making it an associated company - BAIC Investment, BAIC Foton, and Shenzhen Anpeng are subsidiaries of BAIC Group, thus also considered associated companies of Beijing Automotive - The transactions under the partnership agreement are classified as related party transactions according to the listing rules [3]