
Caocao Inc. Acquires Entire Equity Interest in Weixing Technology

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Caocao Inc. is acquiring the entire equity interest in Weixing Technology through its consolidated affiliated entity Hangzhou Youxing. The transaction involves agreements with Zhejiang Jidi, Mercedes-Benz Mobility, and Geely Holding. Certain directors with roles in Geely Holding and Weixing Technology abstained from voting on the board resolution due to their material interests in the acquisition.
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