MOMENTA-W to Form RMB300 Million Intelligent-Driving Joint Venture with SAIC Motor and Yandian Technology

Bulletin Express11-05

Momenta Global Limited (MOMENTA-W) disclosed that its wholly owned subsidiary, Momenta (Suzhou) Technology Co., Ltd., will establish a new joint venture with SAIC Motor Corporation Limited and Yandian Technology Co., Ltd. The entity, yet to be named, will be capitalised at RMB300.00 million.

Under the agreement, Momenta Suzhou will contribute RMB153.00 million for a controlling 51 % stake. SAIC Motor will inject RMB75.00 million for a 25 % interest, while SAIC-controlled Yandian Technology will provide RMB72.00 million for the remaining 24 %.

SAIC Motor, an A-share company listed on the Shanghai Stock Exchange (stock code 600104), and its subsidiary Yandian Technology focus on the research, development, manufacture and sale of vehicles and auto parts, as well as automotive finance and related services.

The joint venture aims to strengthen collaboration across global vehicle platforms and accelerate deployment of high-level intelligent-driving solutions, targeting systems ranging from Level 2 to Level 3 autonomy. Management expects the partnership to enhance each party’s product roadmap and international competitiveness.

According to MOMENTA-W, all percentage ratios under Hong Kong Listing Rule 14.07 are below 5 %, so the transaction is neither notifiable nor classified as a connected transaction under Chapters 14 and 14A. Further announcements will be made if required. The voluntary disclosure was signed by Chairperson and CEO Cao Xudong on 5 November 2026.

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