WULING MOTORS (00305.HK): Circular for EGM on 16 Oct to Approve Structural Deposit Subscriptions

NewTimeSpace News: On 24 September 2026, Wuling Motors Holdings Limited (the "Company") published a circular referring to its announcement dated 2 July 2026 in respect of subscriptions of structured deposit products. Between 3 July 2025 and 2 March 2026, Wuling Industry, a non-wholly-owned subsidiary of the Company, and Liuzhou Zhuotong, an indirect non-wholly-owned subsidiary, subscribed for RMB structured deposit products from licensed banks including Industrial Bank, Hua Xia Bank and China Everbright Bank.

The announcement disclosed that, taking Industrial Bank as an example, the individual principal amounts of the subscriptions ranged from RMB 50 million to RMB 1.1 billion, with annualised return rates between 1.00% and 1.98%; certain subscriptions constituted very substantial acquisitions for the Company on an aggregated basis, while the remainder constituted major transactions on a standalone or aggregated basis. Industrial Bank is a licensed bank listed on the Shanghai Stock Exchange, principally engaged in corporate and personal banking; to the best knowledge of the directors after making all reasonable enquiries, Industrial Bank, Hua Xia Bank and China Everbright Bank are all independent third parties.

The Company stated that an extraordinary general meeting will be held on Friday, 16 October 2026 to approve the relevant resolutions in respect of the subscriptions of structured deposit products; as of the latest practicable date, all structured deposit products had matured in accordance with their respective terms.

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