ZEEKR Intelligent Technology Holding Limited Announces Completion of Merger

ZEEKR Intelligent Technology Holding Limited ("Zeekr Group") announced the completion of its merger with Keystone Mergersub Limited, an indirect wholly-owned subsidiary of Geely Automobile Holdings Limited ("Geely"). Following the merger, Zeekr Group has become a wholly-owned subsidiary of Geely and has ceased to be a publicly traded company. Shareholders were offered a choice between receiving US$2.687 in cash or 1.23 newly issued ordinary shares of Geely for each ordinary share of Zeekr Group. Similarly, American depositary share (ADS) holders could receive US$26.87 in cash or 12.3 newly issued Geely Shares (in the form of Geely ADSs) per Zeekr ADS. Trading of Zeekr ADSs on the New York Stock Exchange (NYSE) was suspended effective December 22, 2025, and the company intends to deregister its securities and suspend its reporting obligations with the SEC.