Xinchen China Power : BBA COMPLIANCE AGREEMENT - RENEWAL OF TERM AND ANNUAL CAPS

September 18, 2019 at 07:32 am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

XINCHEN CHINA POWER HOLDINGS LIMITED

新晨中國動力控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1148)

BBA COMPLIANCE AGREEMENT -

RENEWAL OF TERM AND ANNUAL CAPS

BBA COMPLIANCE AGREEMENT - RENEWAL OF TERM AND ANNUAL CAPS

Reference is made to the announcements of the Company dated 23 May 2014, 21 January 2015 and 13 September 2016 and the circulars of the Company dated 28 May 2014, 18 February 2015 and 12 October 2016 in relation to, among others, the transactions contemplated under the BBA Compliance Agreement which constitute continuing connected transactions for the Company under the Listing Rules.

The second term of the BBA Compliance Agreement commenced on 17 June 2017 and, upon its expiry on 16 June 2020, will be automatically renewed for a further term of three years up to and including 16 June 2023 subject to the compliance with the relevant requirements of the Listing Rules. The existing annual caps in respect of the second term of the BBA Compliance Agreement will expire on 31 December 2019.

The Board wishes to seek the Independent Shareholders' approval for (i) the third term of the BBA Compliance Agreement; and (ii) the Proposed Annual Caps in respect of the transactions contemplated under the BBA Compliance Agreement for each of the three years ending 31 December 2022.

LISTING RULES IMPLICATIONS

As at the date of this announcement, Brilliance China, a controlling shareholder of the Company, is indirectly interested in 50% of the issued share capital of BBA. As BBA is an associate of Brilliance China, it is a connected person of the Company under Chapter 14A of the Listing Rules. Therefore, the transactions contemplated under the third term of the BBA Compliance Agreement constitute continuing connected transactions for the Company under Chapter 14A of the Listing Rules.

As the applicable percentage ratios in respect of the Proposed Annual Caps of the transactions contemplated under the BBA Compliance Agreement are higher than 5% on an annual basis and each Proposed Annual Cap exceeds HK$10 million, the third term of the BBA Compliance Agreement and the Proposed Annual Caps are subject to the reporting, announcement, annual review and Independent Shareholders' approval requirements under Chapter 14A of the Listing Rules.

GENERAL

The Independent Board Committee, comprising Mr. Chi Guohua, Mr. Wang Jun, Mr. Huang Haibo and Mr. Wang Songlin, being the independent non-executive Directors, has been established to advise the Independent Shareholders as to (i) the third term of the BBA Compliance Agreement; and (ii) the Proposed Annual Caps.

The Independent Financial Adviser has been appointed to advise the Independent Board Committee and the Independent Shareholders in respect of (i) the third term of the BBA Compliance Agreement; and (ii) the Proposed Annual Caps.

A circular containing, amongst other things: (i) details of the BBA Compliance Agreement;

the letter from the Independent Board Committee, setting out its recommendations in connection with the third term of the BBA Compliance Agreement and the Proposed Annual Caps; (iii) the letter from the Independent Financial Adviser containing its advice to the Independent Board Committee and the Independent Shareholders in connection with the third term of the BBA Compliance Agreement and the Proposed Annual Caps; and (iv) a notice to the Shareholders convening the Extraordinary General Meeting for the Independent Shareholders to consider and, if thought fit, approve the third term of the BBA Compliance Agreement and the Proposed Annual Caps, will be despatched to Shareholders on or before 11 October 2019.

BBA COMPLIANCE AGREEMENT - RENEWAL OF TERM AND ANNUAL CAPS

The principal terms of the BBA Compliance Agreement are set out below:

Date: 23 May 2014

Parties: BBA, the Company and Mianyang Xinchen

Nature of the Continuing Connected Transactions

Pursuant to the BBA Compliance Agreement, the parties have agreed on certain principles for the following transactions:

the Group will sell to BBA or its subsidiaries and BBA or its subsidiaries will purchase from the Group engine parts and components and raw materials for manufacturing engines and engine parts and components from time to time;
BBA or its subsidiaries will sell to the Group and the Group will purchase from BBA or its subsidiaries engine parts and components and raw materials for manufacturing engine parts and components from time to time; and
BBA or its subsidiaries will provide to the Group consulting and advisory services relating to engines or engine parts and components from time to time.

Term

The initial term of the BBA Compliance Agreement was for three (3) years from the effective date of the BBA Compliance Agreement (inclusive of the first day and the last day of the term). Upon the expiry of the initial term, the BBA Compliance Agreement will be automatically renewed for successive periods of three (3) years subject to compliance with the requirements of the Listing Rules (including the independent shareholders' approval requirement).

Operational Agreements and Purchase Orders

The parties may enter into separate operational agreements and purchase orders from time to time which contain particulars pertaining to the sale and purchase of, among others, engine parts and components and raw materials for manufacturing engines and engine parts and components (as the case may be) and the provision of related consulting and advisory services (including provisions relating to the price, quantity, quality and payment method). The terms of these operational agreements and purchase orders must be consistent with and subject to the terms of the BBA Compliance Agreement, on normal commercial terms and on an arm's length basis.

Payment Terms

BBA shall issue an invoice within the first 10 days of each month for the engine parts and components delivered during the previous month, and then payment shall be made by Mianyang Xinchen within 45 days after receiving the invoice. With respect to the provision of technical consulting and advisory services, BBA shall issue a quarterly invoice to Mianyang Xinchen based on a list specifying the working time and the related costs, and then payment shall be made by Mianyang Xinchen within 45 days after receiving the invoice.

Mianyang Xinchen shall issue an invoice within the first 10 days of each month for the engine parts and components delivered during the previous month. BBA shall make the payment within 45 days calculated from the 25th day of the month when it receives the invoice from Mianyang Xinchen.

Proposed Annual Caps

A summary of the Proposed Annual Caps is set out below:

			Proposed annual caps
		For the	For the	For the
		year ending	year ending	year ending
Details of the relevant continuing	31 December	31 December	31 December
connected transactions	2020	2021	2022
		(RMB'000)	(RMB'000)	(RMB'000)
(1)	Sale of engine parts and components and raw	117,000	123,000	127,000
	materials for manufacturing engine parts and
	components and the provision of the related
	consulting and advisory services by BBA or its
	subsidiaries to the Group
(2)	Sale of engine parts and components and raw	917,000	963,000	992,000
	materials for manufacturing engines and engine
	parts and components by the Group to BBA or its
	subsidiaries

Basis of the Proposed Annual Caps

The above Proposed Annual Caps have been determined primarily based on the following:

the estimated volume of engine parts and components and raw materials for manufacturing engine parts and components required by the Group, the estimated volume of engine parts and components and raw materials for manufacturing engines and engine parts and components by BBA and its subsidiaries, with reference to the expected market demand for products of BBA;
the estimated volume of engine parts and components to be exported to BMW AG;
the designed annual production capacity of the Group and the planned upgrade of and expansion in the production capacity of the Group to produce crankshafts;
the expected unit prices for the engine parts and components and raw materials for manufacturing engines and engine parts and components (as the case may be); and
a buffer of the expected transaction amounts has been included in determining the amount of the Proposed Annual Caps to cater for the fluctuation in foreign exchange rate and uncertainty of change in transaction volume, transaction price and type of products to be transacted and the procurement of related consulting and advisory services from BBA or its subsidiaries in relation to the production of the engine parts and components to be supplied to BBA when necessary.

Existing caps and historical transaction amounts

					For the	For the eight
					year ending	months ended
Details of the relevant continuing connected	For the year ended	For the year ended	31 December	31 August
transactions	31 December 2017	31 December 2018	2019	2019
	Existing Cap	Actual amount	Existing Cap	Actual amount	Existing Cap	Actual amount
	(RMB'000)	(RMB'000)	(RMB'000)	(RMB'000)	(RMB'000)	(RMB'000)
(1) Sale of engine parts and components and	662,998	164,457	588,051	179,722	556,362	36,103
raw materials for manufacturing engine
parts and components and the provision
of the related consulting and advisory
services by BBA or its subsidiaries to the
Group
(2) Sale of engine parts and components and	575,200	463,300	578,975	577,930	602,244	406,013
raw materials for manufacturing engines
and engine parts and components by the
Group to BBA or its subsidiaries

Pricing policies

The pricing policies for the continuing connected transactions contemplated under the BBA Compliance Agreement are set out below:

Purchase of engine parts and components and raw materials and the related consulting and advisory services by the Group from BBA or its subsidiaries:

Major types of engine parts		Procedures for determining the major terms of the
and components involved	Pricing policy	continuing connected transactions
Crankshafts related parts for	Cost plus approach	Regarding the purchase prices of the crankshaft related parts, the
manufacturing of finished		project director, who is in charge of crankshaft business, and BBA
Bx8 crankshafts		will communicate regularly to discuss, among others, the raw
		materials and procurement costs of BBA from its suppliers and its
		production costs in processing any components before on-sale to
		the Group (if any). The project director will propose the purchase
		prices of the crankshaft related parts to the Group's Chief Financial
		Officer, who will then assess the reasonableness of the purchase
		prices with reference to the historical production costs structure
		of finished crankshafts manufactured by the Group. The purchase
		prices are expected to be comparable to the historical production
		costs structure of crankshafts sold by the Group in the latest
		financial year. The purchase prices will then be acknowledged by
		the Group's Chief Executive Officer.
Connecting rods related	Cost plus approach	In respect of the purchase prices of the connecting rods related parts,
parts for manufacturing of		the project director, who is in charge of component business, and
finished Bx8		BBA will communicate regularly to discuss, among others, the
connecting rods		raw materials and procurement costs of BBA from its suppliers.
		The project director will propose the purchase prices of connecting
		rods related parts to Chief Financial Officer. The Group's Chief
		Financial Officer will make reference to, among others, the
		market prices of similar products produced in the PRC based on
		quotations obtained from independent suppliers, the difference in
		the production costs incurred by PRC and overseas suppliers (if
		applicable), the quality and specification of relevant engine parts
		and components to be procured from BBA, the transportation costs
		and other related transaction costs, to assess the reasonableness
		of the purchase prices of the connecting rods related parts. The
		purchase prices will then be approved by the Group's Chief
		Executive Officer.

The related consulting and		Procedures for determining the major terms of the
advisory services involved	Pricing policy	continuing connected transactions
Consultation and advisory	Cost plus approach	The Group will negotiate with BBA and determine the consultancy
services and shared services		fee based on the estimated number of production associates and
		consultants required, the estimated working hours and the relevant
		applicable charging rates. During the meeting, the Group will
		also discuss the profile of production associates and consultants
		to be assigned by BBA in order to assess the qualification of the
		production associates and consultants. The project director will
		obtain a list of personnel to be assigned by BBA together with the
		prices list from BBA, which will then be reviewed by the Group's
		Chief Financial Officer. When assessing the reasonableness of
		the applicable charging rate of BBA's production associates
		and consultants, the Group's Chief Financial Officer will make
		reference to, among others, the internal remuneration guidance for
		the Group's employees, the academic background and technical
		knowledge of BBA's production associates and consultants and
		the market remuneration package for PRC-based company and
		international company of the relevant industry. After that, the list
		of personnel and prices list will be approved by the Group's Chief
		Executive Officer.
		The estimated amount payable to BBA by sharing BBA's certain
		function, facilities and services, such as general administrative
		costs, will be based on the actual costs to be incurred by BBA and
		shall be primarily apportioned based on routing time for producing
		one unit of crankshaft and number of production associates and
		consultants of BBA working on the crankshaft production line.
		The project director will discuss the scope of shared services and
		the methods for apportioning the costs for the shared services with
		BBA. The Group's Chief Financial Officer will review the prices
		list and assess the prices with reference to the Group's internal
		costs incurred for relevant services. After that, the prices list will be
		approved by the Group's Chief Executive Officer.

Sale of engine parts and components and raw materials by the Group to BBA or its subsidiaries:

Major types of engine parts
and components and raw		Procedures for determining the major terms of the
materials involved	Pricing policy	continuing connected transactions
Finished Bx8 connecting rods	Cost plus approach	The project director will propose the sale prices of the engine parts
and finished crankshafts		and components to the Group's Chief Financial Officer. The
		Group's Chief Financial Officer will review the sale prices and
		calculation proposed by the project director. The project director
		will then negotiate the sale prices with BBA. After that, the Group's
		Chief Financial Officer will further review the proposed sale prices.
		The proposed sale prices will then be approved by the Group's
		Chief Executive Officer.

The Directors consider the above pricing mechanism to be in line with the general market practice and the proposed transactions with BBA to be on normal commercial terms and in the interests of the Company and the Shareholders as a whole.

REASONS FOR AND BENEFITS OF RENEWING THE TERM OF THE BBA COMPLIANCE AGREEMENT

As the market demand for BMW vehicles remains relatively strong and stable, a stable collaboration between Mianyang Xinchen and BBA would help the Company to diversify its revenue stream and improve its management capabilities and levels. In addition, the Company will be able to leverage on its stable and close business relationship with BBA to explore further business opportunities with BMW AG, which will help the Group to expand its business to overseas markets.

The Directors (excluding the Directors who abstained from voting on the Directors resolutions and the independent non-executive Directors whose view will be given after considering the opinion from the Independent Financial Adviser) consider that the transactions contemplated under the third term of the BBA Compliance Agreement are in the interests of the Company and the Shareholders as a whole and are on normal commercial terms or better and in the ordinary and usual course of business of the Group; and that the terms of the third term of the BBA Compliance Agreement and the Proposed Annual Caps are fair and reasonable.

INFORMATION OF THE PARTIES INVOLVED

The Group

The Group is principally engaged in the development, manufacture and sale of automotive engines for passenger vehicles and light duty commercial vehicles and manufacture of engine parts and components of passenger vehicles in the PRC.

BBA

BBA is a sino-foreign equity joint venture company incorporated in the PRC and is owned as to 50% by Shenyang Jinbei, an indirect wholly-owned subsidiary of Brilliance China, and 50% by BMW Holding B.V. The principal activities of BBA include but are not limited to manufacture and sale of BMW vehicles.

LISTING RULES IMPLICATIONS

Mr. Wu Xiao An, an executive Director and chairman of the Company, is also the chairman and an executive director of Brilliance China and a director of Huachen (which is a controlling shareholder of Brilliance China and a deemed connected person of the Company by the Stock Exchange). Mr. Liu Tongfu, a non-executive Director, is also a director of Huachen. Accordingly, Mr. Wu Xiao An and Mr. Liu Tongfu are deemed to have a material interest in the transactions contemplated under the third term of the BBA Compliance Agreement and have abstained from voting on the Board resolutions in respect of the third term of the BBA Compliance Agreement and the Proposed Annual Caps. Apart from Mr. Wu Xiao An and Mr. Liu Tongfu, no Directors are required to abstain from voting on the Board resolutions approving the third term of the BBA Compliance Agreement and the Proposed Annual Caps.

GENERAL

As at the date of this announcement, Brilliance China is interested in 400,000,000 Shares, representing approximately 31.20% of the issued share capital of the Company. Huachen, being interested in approximately 42.32% of the issued share capital of Brilliance China, is a controlling shareholder of Brilliance China. As at the date of this announcement, Mr. Wu Xiao An, an executive Director and chairman of the Company, was interested and deemed to be interested in an aggregate of 42,313,426 Shares, representing approximately 3.30% of the issued share capital of the Company. Brilliance China, Mr. Wu Xiao An and their respective associates will abstain from voting on the ordinary resolutions to be proposed at the Extraordinary General Meeting in respect of the third term of the BBA Compliance Agreement and the Proposed Annual Caps.

A circular containing, amongst other things: (i) details of the BBA Compliance Agreement;

the letter from the Independent Board Committee, setting out its recommendations in connection with the third term of the BBA Compliance Agreement and the Proposed Annual Caps; (iii) the letter from the Independent Financial Adviser containing its advice to the Independent Board Committee and the Independent Shareholders in connection with the third term of the BBA Compliance Agreement and the Proposed Annual Caps; and (iv) a notice to the Shareholders convening the Extraordinary General Meeting for the Independent Shareholders to consider and, if thought fit, approve the third term of the BBA Compliance Agreement and the Proposed Annual Caps, will be despatched to Shareholders on or before 11 October 2019.

DEFINITIONS

In this announcement, unless otherwise defined, terms used herein shall have the following meanings:

"associate(s)"

"BBA"

has the meaning ascribed thereto in the Listing Rules;

BMW Brilliance Automotive Ltd.（華晨寶馬汽車有限公司* ）, a sino-foreign equity joint venture company incorporated in the PRC which is owned as to 50% by Shenyang Jinbei (an indirect wholly-owned subsidiary of Brilliance China) and 50% by BMW Holdings B.V.;

"BBA Compliance	the compliance agreement dated 23 May 2014 entered into
Agreement"	between BBA, the Company and Mianyang Xinchen in
	relation to the sale and purchase of, among others, engine
	parts and components and raw materials for manufacturing
	engines and engine parts and components (as the case may
	be) and the provision of related services;

"BMW AG"

"Board"

"Brilliance China"

"Company"

Bayerische Motoren Werke Aktiengesellschaft;

the board of Directors;

Brilliance China Automotive Holdings Limited（華晨中國汽車控股有限公司* ）, a company incorporated in Bermuda, whose shares are listed on the Main Board of the Stock Exchange, and a controlling shareholder of the Company;

Xinchen China Power Holdings Limited（新晨中國動力控股有限公司）, an exempted company incorporated in the Cayman Islands with limited liability, whose shares are listed on the Main Board of the Stock Exchange;

"connected person(s)"	has the meaning ascribed thereto in the Listing Rules;
"controlling	has the meaning ascribed thereto in the Listing Rules;
shareholder(s)"
"Director(s)"	director(s) of the Company;
"Extraordinary General	the extraordinary general meeting of the Company to be
Meeting"	convened for the purpose of considering and, if thought
	fit, approving (i) the third term of the BBA Compliance
	Agreement; and (ii) the Proposed Annual Caps;
"Group"	the Company and its subsidiaries;

"Hong Kong"

"Huachen"

the Hong Kong Special Administrative Region of the People's Republic of China;

Huachen Automotive Group Holdings Company Limited* （華晨汽車集團控股有限公司）, a state-owned company

incorporated in the PRC and a controlling shareholder of Brilliance China;

"Independent Board	the independent committee of the Board, comprising Mr.
Committee"	Chi Guohua, Mr. Wang Jun, Mr. Huang Haibo and Mr.
	Wang Songlin, all of whom are independent non-executive
	Directors, formed to advise the Independent Shareholders as
	to (i) the third term of the BBA Compliance Agreement and
	(ii) the Proposed Annual Caps;
"Independent Financial	Octal Capital Limited, a licensed corporation to carry
Adviser"	out Type 1 (dealing in securities) and Type 6 (advising
	on corporate finance) regulated activities under the
	Securities and Futures Ordinance (Cap. 571 of the Laws
	of Hong Kong), being the independent financial adviser
	to the Independent Board Committee and the Independent
	Shareholders in respect of (i) the third term of the BBA
	Compliance Agreement; and (ii) the Proposed Annual Caps;
"Independent	Shareholder(s) other than Brilliance China, Mr. Wu Xiao An
Shareholders"	and their respective associates;
"Listing Rules"	the Rules Governing the Listing of Securities on the Stock
	Exchange;
"Mianyang Xinchen"	Mianyang Xinchen Engine Co., Ltd.*（綿陽新晨動力機械
	有限公司）(including its branches), a company incorporated
	in the PRC and a wholly-owned subsidiary of the Company;
"PRC"	The People's Republic of China, which for the purpose of
	this announcement only, excludes Hong Kong, the Macau
	Special Administrative Region of the People's Republic of
	China and Taiwan;
"Proposed Annual Caps"	the estimated annual monetary value of the transactions
	contemplated under the BBA Compliance Agreement for the
	three years ending 31 December 2022;
"Share(s)"	ordinary share(s) in the Company with a nominal value of
	HK$0.01 each;

"Shareholder(s)"

"Shenyang Jinbei"

holder(s) of Share(s);

Shenyang Jinbei Automotive Industry Holdings Co., Ltd.* （瀋陽金杯汽車工業控股有限公司）, a company established

in the PRC, and an indirect wholly-owned subsidiary of Brilliance China;

"Stock Exchange"	The Stock Exchange of Hong Kong Limited;
"HK$"	Hong Kong dollar(s), the lawful currency of Hong Kong;
"RMB"	Renminbi, the lawful currency of the PRC; and
"%"	per cent.
	By the order of the Board
	Xinchen China Power Holdings Limited
	Wu Xiao An
	(also known as Ng Siu On)
	Chairman

Hong Kong, 18 September 2019

As at the date of this announcement, the Board comprises two executive Directors, Mr. Wu Xiao An (also known as Mr. Ng Siu On) (Chairman) and Mr. Wang Yunxian (Chief Executive Officer); two non-executive Directors, Mr. Liu Tongfu and Mr. Yang Ming; and four independent non-executive Directors, Mr. Chi Guohua, Mr. Wang Jun, Mr. Huang Haibo and Mr. Wang Songlin.

for identification purposes only

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Xinchen China Power Holdings Limited published this content on 18 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2019 11:31:10 UTC

Market Closed - Hong Kong S.E. Other stock markets 04:08:07 2024-05-09 am EDT			5-day change	1st Jan Change
0.238 ^HKD	0.00%		-2.86%	-15.00%

Mar. 26	Xinchen China Power Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Mar. 18	Xinchen China Power to Return to Profit in 2023	MT

Xinchen China Power Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 26	CI
Xinchen China Power to Return to Profit in 2023	Mar. 18	MT
Xinchen China Power Holdings Limited Provides Earnings Guidance for the Year Ended 31 December 2023	Mar. 15	CI
Xinchen China Power Swings to Profit in H1 as Revenue Surges 359%	23-08-21	MT
Xinchen China Power Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-21	CI
Xinchen China Power to Swing to H1 Profit	23-08-14	MT
Xinchen China Power Names Chief Executive Officer	23-06-26	MT
Xinchen China Power Holdings Limited Appoints Deng Han as an Executive Director	23-06-26	CI
Xinchen China Power Holdings Limited Announces Executive Changes	23-06-26	CI
Xinchen China Power Holdings Limited Announces Board Changes	23-06-19	CI
Xinchen China Power Holdings Limited Auditor Raises 'Going Concern' Doubt	23-04-24	CI
Xinchen China Power Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-28	CI
Xinchen China Power to Shrink 2022 Loss	23-03-17	MT
Xinchen China Power Holdings Limited Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Year Ended 31 December 2022	23-03-17	CI
Xinchen China Power Swings to Loss in First Half of 2022	22-08-18	MT
Xinchen China Power Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2022	22-08-18	CI
Xinchen China Power Warns of Swing to Loss in H1	22-08-02	MT
Xinchen China Power to Release Circular on Asset Disposal, Lease-Back Arrangement in July	22-06-17	MT
Xinchen China Power Holdings Limited Auditor Raises 'Going Concern' Doubt	22-04-26	CI
Xinchen China Power Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-25	CI
Xinchen China Power Holdings Limited Provides Earnings Guidance for the Year Ended December 31, 2021	22-03-21	CI
Xinchen China Power Holdings Limited Announces Resignation of Wang Songlin as an Independent Non-Executive Director	22-03-11	CI
Xinchen China Power Holdings Limited Appoints Han Song as A Non-Executive Director	22-01-03	CI
Xinchen China Power Holdings Limited Announces Resignation of Ma Nina as Non-Executive Director	21-11-08	CI
Xinchen China Power Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2021	21-08-19	CI

	1st Jan change	Capi.
XINCHEN CHINA POWER HOLDINGS LIMITED	-15.00%	39.04M
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CUMMINS INDIA LIMITED	+72.92%	11.44B
VITESCO TECHNOLOGIES GROUP AG	-9.34%	2.99B
DORMAN PRODUCTS, INC.	+9.74%	2.83B
ATMUS FILTRATION TECHNOLOGIES INC.	+28.91%	2.51B
GARRETT MOTION INC.	-3.00%	2.12B
CHONGQING ZONGSHEN POWER MACHINERY CO.,LTD	+92.01%	2.02B
WUXI BEST PRECISION MACHINERY CO., LTD.	-10.44%	1.27B
YAPP AUTOMOTIVE SYSTEMS CO., LTD.	-7.23%	1.13B

Xinchen China Power Holdings Limited

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