On December 29, Chang'an Automobile made an announcement, stating its intention to issue 630 million A-shares to a designated entity, namely China Chang'an Automobile Group. This group will subscribe to all these shares with cash. Before this equity transaction takes place, China Chang'an Automobile Group already owned a 35.07% stake in Chang'an Automobile. Following the transaction, its stake will rise to 38.95%. It's important to note that this equity adjustment will not bring about any changes to the controlling shareholder or the actual controller of Chang'an Automobile. Nevertheless, the issuance of these shares is contingent upon several prerequisites. These include obtaining approval from the state-owned assets supervision and administration body, securing consent from the company's shareholders' meeting, receiving review and approval from the Shenzhen Stock Exchange, and getting registration approval from the China Securities Regulatory Commission.