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(a Sino-foreign joint venture joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 1122)
SUPPLEMENTAL ANNOUNCEMENT TO
CONTINUING CONNECTED TRANSACTIONS
Reference is made to the announcement issued by the Company on 26 March 2021 (the "Announcement") in relation to the entering into of the Trademark Licensing Agreement with Isuzu on 26 March 2021 (the "Agreement"). Unless otherwise specified in this announcement, terms used herein shall have the same meanings as those defined in the Announcement.
The Company wishes to provide further information to the Announcement that the term of the Agreement is from 28 March 2021 to the expiry date of the term stipulated under relevant rules or regulations in the PRC, and such term shall not exceed 10 years.
Save as disclosed in this announcement, all information in the Announcement remains unchanged.
By Order of the Board
Qingling Motors Co. Ltd
LEI Bin
Company Secretary
Chongqing, the PRC, 31 March 2021
As at the date of this announcement, the Board comprises 11 Directors, of which Mr. LUO Yuguang, Mr. HAYASHI Shuichi, Mr. MAEGAKI Keiichiro, Mr. ADACHI Katsumi, Mr. LI Juxing, Mr. XU Song and Mr. LI Xiaodong are executive Directors and Mr. LONG Tao, Mr. SONG Xiaojiang, Mr. LIU Tianni and Mr. LIU Erh Fei are independent non-executive Directors.