Newrace Limited

Shareholders of China Zenix Auto International approved a merger agreement dated October 19, 2021, under which Newrace Limited will acquire the company, making it a private subsidiary.

China Zenix Auto International, a commercial vehicle wheel manufacturer, entered into a merger agreement with Newrace Limited, under which Newrace will acquire the company for approximately US$55.755 million in equity value. Shareholders will receive US$0.27 per share.