BAIC BluePark New Energy Technology Co., Ltd. (SHSE:600733) acquired Beijing Electric Vehicle Co.,Ltd. from Beijing Automotive Group Co., Ltd. and others on August 23, 2018. Consideration will be paid by issuance of shares with a lock up period of 36 months from the date of completion of the transaction as per the approval by CSRC. 25 shares of BAIC BluePark New Energy will be issued for every 10 shares of Beijing Electric Vehicle. If the closing price of the BAIC BluePark New Energy's stock for 20 consecutive trading days is lower than the issue price within 6 months after the completion of the transaction, or if the closing price at the end of the 6 months after the completion of the transaction is lower than the issue price, then lockout period will be automatically extended for at least 6 months. BAIC BluePark New Energy Technology Co., Ltd. (SHSE:600733) completed the acquisition of Beijing Electric Vehicle Co.,Ltd. from Beijing Automotive Group Co., Ltd. and others on August 23, 2018. As of February 22, 2019, lock up period for those shares will be automatically extended for 6 months on the basis of the original 36 months.