Recently, Jianghuai Automobile Group Corp., Ltd. (A-share stock code: 600418; hereinafter referred to as "JAC Group") successfully completed its private placement of A-shares to specific objects (the "Issuance"), raising nearly RMB 3.5 billion in net proceeds. Llinks acting as the issuer's counsel, provided comprehensive legal services throughout the process.
Founded in 1964, JAC Group is a global, integrated automotive enterprise group encompassing the R&D, production, sales, and service of a full range of commercial and passenger vehicles, as well as automotive mobility and financial services. To date, it has delivered 12 million units of various products to global users.
This Issuance not only represents the largest private placement by a listed company in Anhui Province in nearly four years but its investment project also marks the first pure R&D-based investment project in the national automotive industry since the implementation of the registration-based system. This achievement effectively utilizes financial resources to precisely support the transformation of national automotive brands toward high-end, intelligent, and green development.
The proceeds from this Issuance are entirely dedicated to the "MAEXTRO" high-end intelligent electric platform, co-developed by JAC Group and Huawei. The debut model, the MAEXTRO S800, was launched in May 2025 with a price range of RMB 708,000 to RMB 1.018 million. Since its market debut, the model has demonstrated strong performance, securing the sales championship in its market segment for three consecutive months. It has also reached significant milestones, with monthly deliveries exceeding 4,000 units and cumulative deliveries surpassing 10,000 units. By redefining the high-end market with the concept of "Tech-Luxury," it has broken the monopoly of foreign brands in the million-yuan market segment and inaugurated a new era for Chinese ultra-luxury vehicles.
Following its previous roles in assisting JAC Group with its IPO, convertible bond issuance, three non-public share offerings, and the merger by absorption of Anhui Jianghuai Automobile Group Co., Ltd., Llinks has once again provided a full range of professional legal services for this A-share private placement.
