Leidi.com Rakuten September 30
Xpeng Motors issued an announcement yesterday, saying that on September 29, 2023, the board of directors signed a share purchase agreement with each seller, buyer and Pengxing, according to which the seller agreed to sell and the buyer agreed to purchase the selling shares. On the date of this announcement, all Pengxing Approximately 74.82% of the shares have been issued, and the total consideration is approximately US$98.96 million.
As of the date of this announcement, He Xiaopeng, the controlling shareholder of Xpeng Motors, holds 100% of the equity of XProbot Holdings Limited, which holds 56.83% of the issued shares of Pengxing and is one of the sellers; and the company holds 100% of the buyer's shares. % equity, while the buyer holds 25.18% of the issued shares of Pengxing.
Therefore, XProbot Holdings Limited and Pengxing constitute He Xiaopeng's associates and related persons of the company in accordance with Rule 14A.07 of the Listing Rules.
According to Rule 14A.28 of the Listing Rules, the buyer's acquisition of Penghang's equity interests from various other minority selling shareholders constitutes a related transaction of the Company. Therefore, the transaction constitutes a related party transaction of the company.
IDG Breyer Capital holds 9.28% of the shares, Gu Hongdi’s PX (BVI) Investment I holds 5.48%, Gu Hongdi’s Quack Holding Limited holds 1.41%, Dai Keying’s XPD Holdings holds 0.81%, and Hong Kong Jin Tai’an Molding Technology Co., Ltd. holds 0.77% of the shares, and Xiao Bin's Like Minded holds 0.24% of the shares.
The announcement shows that Pengxing’s after-tax losses in 2021 and 2022 will be 103 million yuan and 282 million yuan respectively.
Xpeng Motors said it expects that most of Xpeng Motors' research and development work on smart electric vehicles will be related to smart robots. To achieve this goal, it is extremely important for Xpeng Motors to have long-term and consistent planning and investment in product research and development.
Since its establishment, Pengxing has been committed to the research and development of robots with human-computer interaction functions. With a strong focus on cutting-edge technology, Pengxing aims to revolutionize the way humans and robots interact and collaborate.
As of the date of the share purchase agreement, Pengxing has established a team of engineers and researchers covering motion control, robotic arm control, robot autonomous navigation, motor and reducer design, robot hardware design, human-computer interaction and voice control. . After the transaction is completed, Xpeng Motors will have complete ownership and control of Pengxing. This move will enable Xpeng Motors to devote itself to the research and development of general-purpose humanoid intelligent robots.
Since He Xiaopeng holds equity in Pengxing and Yang Fei once served as a partner of IDG Capital, both He Xiaopeng and Yang Fei have abstained from voting on board resolutions related to the share purchase agreement and the transaction.
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