The board of Geely Automobile Holdings Limited (SEHK:175) agreed to spin-off ZEEKR Intelligent Technology Holding Limited on October 31, 2022. ZEEKR reported total assets of CNY 25.8 million, total liabilities of CNY 21.4 million and net assets of CNY 4.4 million for the year ended June 30, 2022. The Proposed Spin-off is subject to, among other things, the obtaining of approval(s) from the relevant authorities in respect of the listing of, and permission to deal in, securities of ZEEKR, and the final decisions of the Board of Geely Automobile Holdings Limited and the board of directors of ZEEKR.

The Stock Exchange of Hong Kong Limited has confirmed that Geely Automobile Holdings Limited may proceed with the Proposed Spin-off.