Lifan made progress in its reorganization, Liangjiang Fund and Geely Maijie Investment jointly participated

A few days ago, Lifan Motors announced that Chongqing Liangjiang Equity Investment Fund Management Co., Ltd. (hereinafter referred to as "Liangjiang Fund") and Geely Maiji Investment Co., Ltd. (hereinafter referred to as "Geely Maiji") will jointly As an entity, registration materials for investors intending to reorganize were submitted to the manager in accordance with the provisions of the recruitment announcement.

The manager conducted a strict review of the registration materials; within the time limit designated by the manager, Liangjiang Fund and Geely Maijie Investment paid a deposit and signed a confidentiality agreement. After confirmation by the manager, the consortium registration is valid and it is now participating in the company's reorganization as an intended reorganization investor.

On August 21, the No. 5 Intermediate People’s Court of Chongqing ruled to accept the bankruptcy reorganization of *ST Lifan, and on the same day designated the Lifan Group’s liquidation team as the administrator of Lifan shares, specifically responsible for various reorganization tasks. . On August 26, *ST Lifan Manager released the "Announcement of Lifan Share Manager on Recruiting Reorganization Investors" on the "National Enterprise Bankruptcy and Reorganization Case Information Network". The main conditions for recruiting reorganization investors are: 1. Have a high sense of social responsibility and good business reputation; 2. There is no limit to the industry, but those with production management experience in the automobile and motorcycle industry, or those with experience in mergers and acquisitions of automobile and motorcycle companies are preferred; 3. The total assets are not less than 20 billion yuan ; 4. It should be conducive to the transformation or development of the existing automobile and motorcycle industries of listed companies; 5. A consortium of two or more, at least one of which should meet all the qualifications.

According to the recruitment process, investors interested in restructuring should submit relevant registration materials before September 14 this year, and submit a "Reorganization Investment Plan" to the manager before September 24, including the planned investment. Funds/resources, debt adjustment and repayment plans, business plans, etc.

Data show that Chongqing Liangjiang Equity Investment Fund Management Co., Ltd. was established on July 4, 2013. The legal representative is Zhu Jun. The registered address is No. 19 Yinglong Avenue, Longxing Town, Yubei, Chongqing. The registered capital is 100 million yuan, which is solely owned by Chongqing Liangjiang New Area Industrial Development Group Co., Ltd. Chongqing Liangjiang New Area Industrial Development Group Co., Ltd. is solely owned by Chongqing Liangjiang New Area Management Committee, and its business scope is equity investment management.

Geely Maijie Investment Co., Ltd., formerly known as Hangzhou Maijie Investment Co., Ltd. and Hangzhou Homer Investment Co., Ltd., was established on October 27, 2015. Its legal representative is Xu Zhihao, President of Geely Technology Group, and its registered capital is 128 million yuan, with Geely Technology Group Co., Ltd. accounting for 99% and Hangzhou Jihang Technology Co., Ltd. accounting for 1%. The business scope includes industrial investment; services: investment consulting (except securities and futures), and entrusted enterprise asset management. In the end, the actual controller was Li Shufu. This means that Geely has officially participated in the restructuring of Lifan Motors. According to Xu Zhihao's business analysis, Geely may define its cooperation with Lifan in the field of travel, which is different from Geely Automobile's main business.