· Founder Motor plans to purchase and 100% equity of Hubei Qianchao Parts

Founder Motor announced that the company is bidding for a 42.105% stake in Hubei Qianchao Auto Parts Co., Ltd. ("Hubei Parts"), which was listed by the State-owned Assets Supervision and Administration Commission of Shishou City, Hubei Province. According to relevant regulations, in order to avoid causing stock prices. Fluctuation, after application, the company's stock has been suspended since the market opened on December 1, 2014. After the auction is over, the company will announce the bidding result in time and apply for resumption of trading.
According to the announcement, the 42.105% stake in Hubei components is listed at 12.525 million yuan. As of August 31, 2014, Hubei's total component assets were 53.096 million yuan. From January to September 2014, Hubei's components realized operating income of 4,588.04 million yuan and net profit of 2,605,600 yuan.
On the same day, the company announced that it had signed an agreement on the transfer of components of Hubei Components with Wanxiang Qianchao, intending to acquire 57.895% of its shares in Hubei. After investigation and evaluation, the company has reached an agreement with Wanxiang Qianchao to acquire 57.895% equity of Hubei components. The company intends to use Hubei Assets as the benchmark value of the assets as of August 31, 2014. It is 30.5 million yuan. After deducting the employee's buy-out service fee, the transfer price is: the equity transfer price is 15.6455 million yuan.
The company said that if the auction is successful, the company will hold 100% equity of Hubei components, which will help the company to develop the commercial vehicle auto parts market, enrich the application range of the company's automotive motors, enhance the overall quality of the company's auto parts, and enhance the company's automotive motors. Industry competitiveness.

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