Yibei Zhiyuan No. 3 Private Equity Securities Investment Fund and Yibei Private Equity Fund Management (Shanghai) Co., Ltd. agreed to acquire 5.81% stake in Beijing WKW Automotive Parts Co.,Ltd. (SZSE:002662) from Erbslöh Aktiengesellschaft on June 5, 2024. In a related transaction, Hutong Jinbaoli Private Equity Securities Investment Fund managed by Ningbo Hutong Private Fund Management Partnership Enterprise (Limited Partnership) will acquire 5.81% from Erbslöh Aktiengesellschaft.

Erbslöh Aktiengesellschaft will transfer 174.4 million shares of Beijing WKW to each of the buyers, accounting for 11.62% of the total number of shares of Beijing WKW. The agreement still needs to be confirmed by the Shenzhen Stock Exchange for compliance, and the share transfer and transfer procedures.