Sailis: Sailis Automobile plans to buy a 10.00% stake in Shenzhen Yinwang held by Huawei Technology, and the transaction price is 11.50 billion yuan

On August 25th, Sailis announced that Sailis Automobile, a wholly-owned subsidiary of the listed company, intends to purchase 10.00% equity of Shenzhen Insight Intelligent Technology Co., Ltd. held by Huawei Technology in the form of cash. The target company intends to transfer the price in this transaction. Before the payment is completed, it will be substantially loaded according to the loading scheme and principles determined by both parties to the transaction. After the loading is completed, Shenzhen Insight will undertake Huawei's original smart car solution core business. In this transaction, the total 10.00% equity of the target company is priced at 11.50 billion yuan.