On December 22, 2025, Zeekr Intelligent Technology Holding Limited (“Zeekr”) and Geely Automobile Holdings Limited (“Geely”, stock code: 0175.HK) announced that all conditions have been satisfied for the proposed privatization and merger signed by Zeekr, Geely and a merger subsidiary, an indirectly wholly-owned subsidiary of Geely. With the merger between Zeekr and the merger subsidiary completed, Zeekr has become an indirect wholly-owned subsidiary of Geely and has been delisted from the New York Stock Exchange.

Geely is an innovative global technology group engaged in the design, research and development, manufacture, sale, and service of automobiles, powertrains and key components. Zeekr is a world-leading high-end luxury new-energy vehicle group.

Fangda acted as PRC legal counsel to the special committee of Zeekr’s board of directors, providing PRC legal services in Zeekr’s privatization. The Fangda team was led by partners Jeffrey DING and Brian LIU. Kerry HUANG was a key contributor.

* Special thanks to FAN Fan for her significant support on this project.