Zhengtong Auto (01728) plans to spend a total of about 816 million yuan to acquire the Xiamen Cinda 4S dealership and automobile sales and export business

Zhitong Finance App News, Zhengtong Auto (01728) announced that on December 5, 2025 (after the trading period), Xiamen Zhengtong (a wholly-owned subsidiary of the company) signed an acquisition agreement with Xiamen Cinda and Cinda Guomao Auto (China) to acquire 100% of Cinda Guomao's shares at a temporary purchase price of approximately RMB 793.49 million (China). Cinda Guomao Auto is the holding company of Xiamen Cinda engaged in 4S distribution business and automobile sales and export business in China.

On the same day, Tongda Group (a wholly-owned subsidiary of the company) and Shengtao (another wholly-owned subsidiary of the company) entered into an acquisition agreement (Thailand) with Cindano and Cinda (Singapore) and Guomao Motors (Thailand) to acquire 100% of the issued share capital of Guomao Motors (Thailand) at a temporary purchase price of approximately RMB 22.13 million (Thailand). Guomao Auto (Thailand) is currently in the early stages of opening a car dealership in Thailand, and has yet to commence substantial business operations.

Cinda Guomao Auto Group and Guomao Auto (Thailand) jointly represent all 4S distribution business and automobile sales and export business of Xiamen Cinda. Matters relating to the acquisition (China) and the acquisition (Thailand) will only be carried out when the acquisition (China) and all prerequisites for the acquisition (Thailand), including obtaining independent shareholders' approval, have been met.

As of June 30, 2025, Cinda Guomao Auto Group operates nearly 50 4S automobile dealership stores, new energy vehicle experience centers and sheet spray centers, distributing 29 brands including BMW, Audi, Lexus, Tesla, Maserati, Cadillac, Alfa Romeo, Hongqi, Volkswagen, Toyota, Honda, Zhimi, Hongqi, the Hongmeng Zhixing Alliance's brands, Starway and Chery iCar, ranking among the leading 4S dealers in Fujian Province, China.

Cinda Guomao Automobile Group is mainly engaged in the 4S distribution business of traditional fuel vehicles and new energy vehicles, and the import and export business of automobiles (including used cars). It is one of the leading 4S dealers in Fujian Province, China. Cinda Guomao Auto Group has an early presence in the new energy vehicle and international business. Currently, it has many new energy brands such as Hongmeng Zhixing, and continues to accelerate the automobile export supply chain business and territorial distribution layout, forming the core advantage of building its own overseas warehouse system and deeply participating in territorial market distribution, effectively enhancing market competitiveness. Guomao Auto (Thailand) was established in May 2025. It is the first 4S distribution network established overseas by the Xiamen Cinda Auto Dealership Division, achieving a breakthrough in overseas distribution business layout. After the completion of this acquisition, it will be possible to rapidly expand the Group's regional layout, business scale and market share, and also achieve complementary advantages in the new energy brand layout and international business expansion. At the same time, the Group can also fully integrate Cinda Guomao Auto Group's overseas channels, customer networks and operating capabilities, and use the China Trade Auto (Thailand) platform to quickly enter the international market, promote the development of new business segments such as used car exports and new car re-exports, and accelerate the Group's internationalization process.