BAIC MOTOR (01958) Halts A-Share Listing Guidance

Stock News03-25

BAIC MOTOR (01958) has announced a decision regarding its proposed initial public offering of A-shares and listing. After careful consideration of the current market conditions, capital market regulations, and the company's development strategy, and following amicable discussions with its listing guidance institution, the two parties have signed a termination agreement for the A-share IPO guidance. The company will plan future capital market arrangements in a timely manner, taking into account its own development needs and market conditions. The Board of Directors believes this matter will not have any significant adverse impact on the company's business, operations, or financial condition, nor will it affect the overall interests of the company and its shareholders.

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