Bosch Hydrogen Powertrain Systems (Chongqing) Co., Ltd. agreed to acquire Part of Qingling Motors Co. Ltd from Qingling Motors Co., Ltd. (SEHK:1122) on May 13, 2024. Rainbow Capital (HK) Limited acted as financial advisor to Qingling Motors Co.

Ltd. The transaction is subject to approval of Qingling Motors Co., Ltd.