Wuling Motors

Wuling Motors' non-wholly owned subsidiary Wuling Industry entered into an agreement to sell a second batch of assets used for automotive seat production and operation to Faurecia Automotive Seats Joint Venture for CNY 11.3148 million.

Wuling Motors' non-wholly owned subsidiary Wuling Liuji entered into an equipment procurement agreement with Changchun Meige on November 30, 2017. Wuling Liuji will purchase two production lines for cylinder block and cylinder head machining at a total cost of 170 million yuan, to be used in casting component processing for automotive engine assembly.

Wuling Motors' subsidiary Wuling Industry and Faurecia (China) signed a joint venture agreement to establish Faurecia (Liuzhou) Automotive Interior Systems Co., Ltd., each owning 50% with a registered capital of CNY 300 million.

Wuling Motors' subsidiary Wuling Industry signed an agreement with Shanghai Yipu to purchase an automated production line for automotive front floor weld assembly parts for a total consideration of CNY 15.85 million.

Wuling Motors' non-wholly owned subsidiary Wuling Industry signed an agreement to purchase automatic welding and assembly production lines and industrial robots from Shanghai Yipu for a net price of CNY34.8291 million. The equipment will be used to produce rear underbody parts for automobiles.