Guangzhou Automobile Group's restructuring plan for FAW Toyota has been released

On September 28th, GAC Group disclosed a major asset restructuring plan, intending to issue shares to FAW Group to acquire its 50% stake in FAW Toyota and raise matching funds. The issue price is 5.75 yuan per share, representing a premium of approximately 13% compared to the closing price before trading suspension. After the completion of the transaction, FAW Group will become the second largest shareholder of GAC Group, and this transaction does not constitute a restructuring and listing. This move aims to promote the coordinated operation of North and South Toyota and consolidate the profit foundation. At present, relevant audits and evaluations are still being carried out, and the transaction still needs to be reviewed by the board of directors, voted on by the shareholders' meeting, and approved by regulatory authorities. The company's stock will resume trading from September 29th.