Brief: Ecarx Holdings Entered Into Shareholders' Agreement With Smart Automobile

Ecarx Holdings.

17/11/2023 13:56

Nov 17 (Reuters) - Ecarx Holdings Inc.  ECX.O :
    * ECARX HOLDINGS INC. - CO, THROUGH ITS UNIT, ENTERED INTO
SHAREHOLDERS' AGREEMENT DATED NOVEMBER 16, 2023 WITH SMART
AUTOMOBILE CO., LTD
    * ECARX HOLDINGS INC. - AGREEMENT TO ESTABLISH A CHINA-BASED
JOINT
VENTURE FOR DEVELOPMENT OF AUTOMOTIVE OPERATING SYSTEM SOFTWARE
    * ECARX HOLDINGS INC.: CO WILL SUBSCRIBE FOR ITS 49% OF
EQUITY
INTEREST IN JOINT VENTURE FOR A SUBSCRIPTION PRICE OF RMB 49
MILLION
    * ECARX HOLDINGS INC. - COMPANY AND SMART WILL BENEFICIALLY
OWN
49% AND 51% OF EQUITY INTEREST IN JOINT VENTURE, RESPECTIVELY

Further company coverage:  ECX.O 

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