PDF《吉利汽车控股有限公司》

29 April

2019 (after trading hours) -

2 - Parties Vendor: Yiwu Engines Purchaser: Zhejiang Powertrain Zhejiang Powertrain is principally engaged in the research, development, production, marketing and sale of engines and related components in the PRC, and is an indirect 99.1% owned subsidiary of the Company. The remaining 0.9% interests in Zhejiang Powertrain is indirectly held by entities in which Mr. Li is interested as at the date of this announcement. Yiwu Engines is principally engaged in the preparation and construction of engine manufactory projects. Yiwu Engines is wholly owned by Zhejiang Geely, which in turn is owned as to 71.05% by Geely Holding and as to 28.95% by other Mr. Li'

s interested entities. Subject matter Pursuant to the YW Acquisition Agreement, Zhejiang Powertrain conditionally agreed to acquire, and Yiwu Engines conditionally agreed to sell, the entire registered capital of the YW Target. Details of the YW Target are set out in the section headed Information on the YW Target below. Upon completion of the YW Acquisition, the YW Target will become a wholly owned subsidiary of Zhejiang Powertrain, and the financial results of the YW Target will be consolidated into the financial statements of the Group. Consideration The consideration for the YW Acquisition is RMB322,205,872, which will be payable in cash within three months from the date of completion of the YW Acquisition. The consideration for the YW Acquisition was determined after arm'

s length negotiations between Zhejiang Powertrain and Yiwu Engines with reference to (i) the net asset value of the YW Target prepared under the HKFRS as at

31 March

2019 of RMB322,033,0........