BAIC Blue Valley announced that BAIC New Energy, a subsidiary of the company, plans to use its own funds to purchase assets related to the Miyun plant held by the related party Foton Motor. The subject of the transaction was an assessed value of 1,390 billion yuan without tax, and the tax-inclusive price was about 1,516 billion yuan. The tax-inclusive amount was based on the actual amount of the special VAT invoice issued. The target assets include a total of 378 items, including land, plant, machinery and equipment. This transaction constitutes a related transaction. It has been reviewed and approved by the board of directors of the company and still needs to be submitted to the shareholders' meeting for review. There is uncertainty about the implementation of the transaction.

BAIC Blue Valley announced that BAIC New Energy, a subsidiary of the company, plans to use its own funds to purchase assets related to the Miyun plant held by the related party Foton Motor. The subject of the transaction was an assessed value of 1,390 billion yuan without tax, and the tax-inclusive price was about 1,516 billion yuan. The tax-inclusive amount was based on the actual amount of the special VAT invoice issued. The target assets include a total of 378 items, including land, plant, machinery and equipment. This transaction constitutes a related transaction. It has been reviewed and approved by the board of directors of the company and still needs to be submitted to the shareholders' meeting for review. There is uncertainty about the implementation of the transaction.