Core Viewpoint - The announcement of the transfer of 80% equity of Qingling Group from Chongqing State-owned Assets Supervision and Administration Commission to Chongqing Yufu Holding Group is expected to enhance the company's capital operations and support its transition to new energy vehicles [1][3][10]. Group 1: Equity Transfer Details - On June 10, Qingling Automobile received notification regarding the transfer of 80% equity of Qingling Group from Chongqing State-owned Assets Supervision and Administration Commission to Chongqing Yufu Holding Group [3]. - Before the transfer, Chongqing State-owned Assets Supervision and Administration Commission held 100% of Qingling Group, which in turn held 50.1% of Qingling Automobile. After the transfer, the commission will hold 20% directly and 80% indirectly through Yufu Holding [3]. - The controlling shareholder of Qingling Automobile remains Qingling Group, and the actual controller continues to be Chongqing State-owned Assets Supervision and Administration Commission, ensuring that the main business operations are not materially affected [3]. Group 2: Yufu Holding Overview - Yufu Holding, established on August 15, 2016, is a state-owned capital operation platform under Chongqing State-owned Assets Supervision and Administration Commission, with a registered capital of RMB 16.8 billion [7]. - The company focuses on advanced manufacturing and strategic emerging industries, aiming to enhance collaboration within the industrial chain through capital investment and resource integration [7]. Group 3: Strategic Initiatives and Collaborations - Qingling Automobile is actively integrating into Chongqing's modern manufacturing cluster and accelerating its transition to new energy, leveraging its advantages in capital, assets, qualifications, and brand [8]. - The company has deepened strategic collaborations with leading firms such as Bosch, Huawei, and CATL, showcasing new energy products like the world's first megawatt-level ultra-fast charging heavy truck and a new energy light truck [8]. - Qingling Automobile is celebrating its 40th anniversary of continuous joint ventures with Isuzu, planning to launch new products and enhance comprehensive cooperation in the field of intelligent connected new energy commercial vehicles [8].

Core Viewpoint - The announcement details the transfer of 80% equity of Qingling Group, the controlling shareholder of Qingling Motors, to Chongqing Yufu Holding Group, which is a state-owned capital operation platform under the Chongqing State-owned Assets Supervision and Administration Commission [1][2]. Group 1: Shareholder Structure and Changes - After the equity transfer, Qingling Group will still hold 50.1% of Qingling Motors, while the Chongqing State-owned Assets Supervision and Administration Commission will continue to hold 20% of Qingling Group directly and 80% indirectly through Yufu Holding [3]. - The equity transfer will not change the controlling shareholder or the actual controller of Qingling Motors, which will remain Qingling Group and the Chongqing State-owned Assets Supervision and Administration Commission respectively [3]. Group 2: Strategic Initiatives and Collaborations - The company is actively integrating into Chongqing's "33618" modern manufacturing cluster and "416" technology innovation layout, accelerating its transition to new energy [2]. - Collaborations with leading companies such as Bosch, Huawei, and CATL are ongoing, with notable projects including the world's first megawatt-level ultra-fast charging heavy truck "Lingjie" and the new energy light truck "Lingkun" [2]. - The company is celebrating 40 years of uninterrupted joint ventures with Isuzu and plans to launch new products focusing on smart connected new energy commercial vehicles [2]. Group 3: Implications of the Equity Transfer - The equity transfer is expected to enhance the company's new energy transition and promote high-quality development through capital investment and resource integration [2]. - The transfer will be conducted in compliance with relevant laws and regulations, including the Hong Kong Code on Takeovers and Mergers, and may trigger mandatory general offer obligations [3].

Group 1: Event Overview - The 7th China Western International Investment and Trade Fair was held from May 22 to 25 at the Yuelai International Conference Center in Chongqing, showcasing the strength of "Chongqing Intelligent Manufacturing" with a theme of "Technology Empowering Green Innovation" [1] Group 2: Smart Manufacturing Equipment - Chongqing Machinery and Electronics Group presented over 100 innovative products across five business sectors, including clean energy equipment and smart manufacturing [2] - The self-developed magnetic levitation heat pump unit by Chongqing Tongyong Group features new technology with low vibration and noise, achieving a heating capacity exceeding 3MW and providing efficient solutions for industrial waste heat recovery and urban heating [2] - The collaboration between Chongqing Pump Company and CNOOC led to the development of multi-phase boosting pumps for oil extraction, reducing equipment costs by 50% and targeting deep-sea oil and gas extraction needs by 2030 [2] - The anti-heat flame-retardant fire-resistant cables showcased by Ge Pai Cable Company are widely used in nuclear power and wind power sectors, ensuring reliability for major hydropower projects [2] Group 3: New Energy and Green Technology - Qingling Group, in partnership with Huawei Digital Energy, launched the world's first megawatt-level ultra-fast charging heavy truck, "Lingjie," aiming to revolutionize green logistics [4] - The Chongqing Water Environment Group's Sanfeng Environment displayed advanced waste incineration power generation technology, achieving near-zero emissions and over 90% reduction in carbon dioxide [4] Group 4: Consumer Brand Innovations - Dengkang Oral Care introduced two new products, including a sensitivity repair toothpaste developed in collaboration with West China Hospital of Stomatology [5] - Tianyou Dairy showcased its full range of dairy products, with a focus on probiotic products that have achieved annual sales exceeding 100 million, and plans for a new intelligent factory with an estimated annual output value of 1.2 billion yuan [5] - The Chongqing State-owned Assets Supervision and Administration Commission is promoting the integration of party building and reform development in state-owned enterprises, enhancing the vitality of "Yuzhao" brands [5] Group 5: Future Outlook - Chongqing's state-owned enterprises demonstrated a transition from "manufacturing" to "intelligent manufacturing," with a commitment to leveraging technology to drive high-quality development [6]