The company is dedicated to making strong combination, utilizing the advantages of each shareholder .
The completion of the Investment Transaction is subject to customary closing conditions and is expected to occur in early July 2023. As part of the agreement, the Investor has committed not to sell, transfer, or dispose of any shares acquired in the Investment Transaction for a period of six months following the closing.
Meanwhile, NIO said it is aware that the Investor has entered into a share purchase agreement with a Tencent affiliate, whereby the Investor will purchase 40,137,614 Class A ordinary shares of NIO owned by the affiliate (the "Secondary Share Transfer"). Upon the completion of both the Investment Transaction and Secondary Share Transfer, the Investor will hold approximately 7.0% of the total issued and outstanding shares of NIO.
Upon or after the closing of the Investment Transaction, the Investor will have the right to nominate one director to NIO's board of directors, as long as it maintains a beneficial ownership of at least 5% of NIO's outstanding share capital.
Furthermore, NIO and the Investor have agreed to collaborate in pursuing opportunities for NIO's international business following the completion of the Investment Transaction.