Relationship between Dongfeng Technology and Dongfeng Motor

Dongfeng Technology, a subsidiary of Dongfeng Motor Group, is a component listed company, mainly supporting Dongfeng Motor, with 16 subsidiaries and 6 affiliated companies. A-share Dongfeng Motor is also a subsidiary of Dongfeng Motor Group, and Dongfeng Technology and A-share Dongfeng Motor are brothers.

On May 25th, it was reported that Dongfeng Motor Co., Ltd. was in talks with Dongfeng Motor Co., Ltd. about equity transfer. After the transaction is completed, it will be separated from Dongfeng Motor Co., Ltd., and the controlling shareholder will become Dongfeng Motor Group, which will directly manage it. "Personnel diversion and adjustment have already begun, and there will be many actions in the future."

Dongfeng Technology warns of risks, saying that if the market growth rate of the automobile industry further declines or negative growth occurs in the future, or the production and sales of major automobile customers of the target company are less than expected, it will adversely affect the future operating performance of the target company.