Geely Group Limited entered into a sale and purchase agreement to acquire a 68.86% stake in Honbridge Holdings Limited (SEHK : 8137) from He Xuechu and Li Xingxing for approximately HKD 220 million on January 12, 2023. Under the terms, HKD 22.3916 million will be paid in cash and the balance HKD 201.52 million will be settles in the form of promissory notes. Geely Group to finance and satisfy the Consideration and the Offers by way of issue of Promissory Notes and internal cash resources. Guotai Junan Capital Limited acted as a financial advisor to Geely Group.

Geely Group Limited completed the acquisition of a 68.86% stake in Honbridge Holdings Limited (SEHK:8137) from He Xuechu and Li Xingxing on January 16, 2023.