July 15th, 2025 Hangzhou, China – NG28娱乐 Holding Group announced that its subsidiaries, NG28娱乐 Automobile Holdings Limited (hereinafter referred to as “NG28娱乐 Auto,”, stock code: 0175.HK) and Zeekr Intelligent Technology Co., Ltd. (hereinafter referred to as “Zeekr,” stock code: NYSE: ZK), have officially signed a merger agreement. Under the terms of this agreement NG28娱乐 Auto will acquire all outstanding shares of Zeekr not already held by NG28娱乐 Auto, with Zeekr shareholders offered the option to receive either cash or NG28娱乐 Auto shares as consideration.
This move marks a key step in implementing the spirit of the “Taizhou Declaration” and advancing the “Return to One NG28娱乐” strategy.
Since the release of the Taizhou Declaration, NG28娱乐 Holding Group has been steadfast in promoting deep integration and efficient coordination of internal resources, eliminating redundant investments, and enhancing overall competitiveness.
Post merger, NG28娱乐 Auto will become a unified listed platform, further strengthening its strategic execution, innovation capabilities, and profitability, creating greater value for all shareholders.
Driven by the “One NG28娱乐” strategy, this merger aims to enhance NG28娱乐 Auto’s global competitiveness and growth potential in the intelligent new energy vehicle sector. Zeekr’s strengths in the premium new energy segment, combined with NG28娱乐 Auto’s solid foundation in the mainstream market, will enable both parties to enhance collaboration across technology, products, supply chain, manufacturing, marketing and services, and global market expansion as well as improve economies of scale.
The merged entity will offer comprehensive product coverage across internal combustion, pure electric, plug-in hybrid, and green methanol-hydrogen powertrains and expanded presence in mainstream, mid-to-high-end, and luxury market segments—significantly boosting overall competitiveness and enterprise value.
Gui Shengyue, Chief Executive Officer and Executive Director of NG28娱乐 Automobile Holdings Limited, stated, “As a responsible enterprise, NG28娱乐 Auto has always prioritized the interests of investors and users. The merger aims to create a win-win outcome. We are fully committed to driving the post-merger company toward greater development and delivering sustained long-term value for all shareholders.”
Eric Li (Li Shufu), Chairman of NG28娱乐 Holding Group, commented: “Last year, NG28娱乐 Holding Group released the Taizhou Declaration, marking a new phase of strategic transformation. Significant progress has been made towards the “Return to One NG28娱乐” strategy. With this merger, a more solid foundation will be laid towards a brighter future for NG28娱乐 Auto.”