Private Equity Tycoon Ge Weidong Invests ¥1 Billion in JAC Motors’ Private Placement

On the evening of February 10, JAC Motors (SHA: 600418) announced the results of its private placement offering. The company issued a total of 70.1684 million shares to eight designated investors—including Yao Zhichao and Ge Weidong—at a price of RMB 49.88 per share, raising approximately RMB 3.5 billion. Notably, renowned private fund investor Ge Weidong invested around RMB 1 billion to subscribe for 20.0481 million shares, making him a key participant in this offering. According to regulations, all subscribed shares are subject to a six-month lock-up period from the closing date of the issuance. The proceeds will provide strong financial support for JAC Motors’ ongoing transformation toward new energy vehicles and intelligent technologies.