Company: ZK
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001410578-25-000390
Chunk: 9

Company: ZEEKR Intelligent Technology Holding Ltd
Filing Date: 2025-03-20
Form: 20-F
Item: Item 3
Chunk 9
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 by us and 49% by Geely Holding. Ningbo Viridi started to generate revenue in March 2019.
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5

Strategic Integration Transactions
In November 2024, we entered into strategic integration transactions with certain Geely entities. Through these transactions, our subsidiary Zhejiang ZEEKR Intelligent Technology Co., Ltd. (“Zhejiang Zeekr”) obtained a 51% ownership in Lynk & Co, making it our indirect non-wholly-owned subsidiary. The transactions were assessed and approved by our board of directors, following the unanimous recommendation of an independent committee consisting of Mr. Miguel A. Lopez Ben, Mr. Stephen Brown Davis, and Mr. Michael David Ricks, with the committee receiving guidance from its independent financial advisor. The transactions were closed in February 2025. See the announcement in relation to the strategic integration transactions via https://www.sec.gov/Archives/edgar/data/1954042/000110465924118180/tm2428453d1_ex99-1.htm and https://www.sec.gov/Archives/edgar/data/1954042/000110465925013365/0001104659-25-013365-index.html.
Transfer of Funds and Other Assets
Cash is transferred among (i) ZEEKR Intelligent Technology, (ii) our British Virgin Islands subsidiary, Zeekr Innovation, (iii) our Hong Kong subsidiary, Zeekr Technology, and (iv) our Chinese subsidiaries, in the following manner: (i) funds and offering proceeds from ZEEKR Intelligent Technology are transferred to Zeekr Technology through Zeekr Innovation, and subsequently to our Chinese subsidiaries through Zhejiang ZEEKR, the wholly-owned subsidiary of Zeekr Technology, in the form of capital contributions or shareholder loans, as the case may be; (ii) dividends or other distributions may be paid by our Chinese subsidiaries through Zhejiang ZEEKR, which will transfer the dividends or other distributions to Zeekr Technology; and (iii) payments may be paid by our Chinese subsidiaries to Zeekr Tech EU for research and development services provided. Zeekr Technology will then transfer the dividends or other distributions to Zeekr Innovation, which will then transfer the dividends or other distributions to ZEEKR Intelligent Technology. Finally, the dividends or other distributions can be distributed by ZEEKR Intelligent Technology to its shareholders, whether they are in the United States or elsewhere. Subject to the satisfaction