Changan Automobile released an announcement indicating that, with the State Council's approval, its indirect controlling shareholder, China Ordnance Equipment Group Corporation (COEG), executed a continuation split. This resulted in the formation of two separate entities: COEG and China Changan Automobile. In 2025, the transfer registration process for 1.411 billion shares of Changan Automobile, initially held by COEG and subsequently transferred to China Changan Automobile, was finalized. Following this transaction, COEG ceased to directly own any shares in Changan Automobile.

On November 27, the business registration alteration for Chengzhi Group was concluded, with COEG transferring its entire 100% equity stake to China Changan Automobile. Consequently, China Changan Automobile now directly and indirectly holds a cumulative total of 3.474 billion shares in Changan Automobile, representing 35.04% of the company's total share capital. This positions China Changan Automobile as the new indirect controlling shareholder of Changan Automobile. Notably, the actual controller of Changan Automobile remains unchanged, with the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) continuing to oversee its operations. It's also worth mentioning that this equity restructuring has had no discernible impact on the company's day-to-day business activities.