Beijing Automotive Group Co., Ltd. signed a letter of intent to acquire 4.83% stake in BAIC BluePark New Energy Technology Co.,Ltd. (SHSE:600733) from Sichuan Xintaike Digital Equipment Co., Ltd. on July 1, 2019. Under the term, Sichuan Xintaike Digital Equipment will transfer 168.76 million shares of BAIC BluePark New Energy Technology to Beijing Automotive Group. Post completion, Beijing Automotive Group, Beiqi (Guangzhou) Automobile Co., Ltd., Bohai Automotive Systems Co., Ltd. will hold 29.57%, 6.25% and 3.01% stake in BAIC BluePark New Energy Technology respectively. Sichuan Xintaike Digital Equipment will not hold any stake in in BAIC BluePark New Energy Technology.