Wuling Motors Receives 99.91% Shareholder Support for Structured Deposit Subscriptions

On 16 October 2026, Wuling Motors Holdings Limited (00305) obtained overwhelming shareholder approval to ratify its very substantial acquisition and major transactions tied to the Group’s subscriptions of structured deposit products initiated between 3 July 2025 and 2 March 2026.

The sole ordinary resolution was passed at the Special General Meeting (SGM) with 2.23 billion votes cast in favour, representing 99.91% of the 2.23 billion votes submitted. Only 1.90 million votes (0.09%) were against. As the affirmative votes exceeded the 50% threshold, the resolution was duly adopted.

The SGM was held at 10:15 a.m. in Hong Kong and attended—either in person or online—by all Board members, including Chairman and Executive Director Yuan Zhijun. As of the meeting date, Wuling Motors had 3.30 billion shares in issue, all of which were entitled to vote; no voting restrictions applied. Tricor Investor Services Limited served as the independent scrutineer overseeing the poll.

The approval grants the Group formal ratification to proceed with the structured deposit products subscribed during the specified period, ensuring compliance with the Hong Kong Listing Rules regarding very substantial acquisitions and major transactions.