Core Points - As of June 13, 2025, Suchang Chai A (000570) closed at 5.49 yuan, down 2.49% from last week's 5.63 yuan [1] - The company's current total market capitalization is 3.874 billion yuan, ranking 161 out of 229 in the automotive parts sector and 3603 out of 5150 in the A-share market [1] Company Announcements - Suchang Chai A's wholly-owned subsidiary, Changzhou Changchai Benniu Diesel Engine Parts Co., Ltd., will be absorbed and merged by Changzhou Changniu Machinery Co., Ltd. [1] - The board of directors held the third temporary meeting of 2025, approving the merger proposal, which involves the absorption of all assets, liabilities, and rights of Changzhou Changchai Benniu Diesel Engine Parts Co., Ltd. by Changzhou Changniu Machinery Co., Ltd. [1] - The merger will not affect the company's operational performance or consolidated financial statements, and it does not constitute a related party transaction or a major asset restructuring [1]

Group 1 - The board of directors of Changchai Co., Ltd. held its third temporary meeting on June 9, 2025, via communication methods, in compliance with legal and regulatory requirements [1] - The board approved the merger proposal where Changzhou Changchai Benniu Diesel Engine Parts Co., Ltd. will be absorbed by Changzhou Changniu Machinery Co., Ltd. through a complete merger, inheriting all assets, liabilities, and rights [1] - The voting results for the merger proposal were unanimous with 8 votes in favor, 0 abstentions, and 0 against [1] Group 2 - The independent legal status of Changchai Benniu will be canceled after the merger, while Changniu will continue its normal operations [1] - Additional details regarding the merger can be found in the announcement published on the Giant Tide Information Network [2] - The board's resolution document from the meeting is available for review [2]

Group 1 - The company approved the merger of its wholly-owned subsidiary, Changzhou Changchai Benniu Diesel Engine Parts Co., Ltd., with its wholly-owned subsidiary, Changzhou Changniu Machinery Co., Ltd., through an absorption merger [1] - The merger will not constitute a related party transaction or a major asset restructuring as defined by relevant regulations [1] - The merger is aimed at internal restructuring and resource integration, aligning with the company's development strategy of "integrating resources for enhanced efficiency" [4] Group 2 - The absorbing company, Changzhou Changniu Machinery Co., Ltd., had total assets of approximately 166.78 million yuan and total liabilities of approximately 124.02 million yuan as of December 31, 2024 [2] - The absorbed company, Changzhou Changchai Benniu Diesel Engine Parts Co., Ltd., had total assets of approximately 92.40 million yuan and total liabilities of approximately 55.18 thousand yuan as of December 31, 2024 [2] - The merger will not affect the company's consolidated financial statements or profit [4]