Dongfeng Group Meets All Key Conditions for Privatization

Dongfeng Motor Group Co., Ltd. recently announced on the Hong Kong Stock Exchange that its privatization plan has achieved significant progress. According to the announcement, as of the date of the joint announcement, all conditions precedent for the proposed privatization—through a scheme of arrangement whereby Dongfeng Motor Group (Wuhan) Investment Co., Ltd. would absorb and merge with Dongfeng Motor Group, simultaneously distribute shares of Voyah Automotive, and delist the company from the stock exchange—have been fully satisfied. This marks the removal of key hurdles for the privatization transaction, which will now proceed as planned.