Changan Automobile (Stock Code: 000625.SZ) has unveiled its proposal to privately issue A-share stocks to a designated entity, namely China Changan Automobile Group Co., Ltd., with the aim of raising funds up to a maximum of RMB 6 billion. Although this transaction involves a related party, it does not amount to a substantial asset restructuring. The execution of this issuance plan is contingent upon several approvals and reviews: it necessitates endorsement from the state-owned assets regulatory authority, deliberation and approval at the shareholders' meeting, scrutiny by the Shenzhen Stock Exchange, and ultimately, registration approval from the China Securities Regulatory Commission. The capital raised through this initiative will be strategically allocated to broaden Changan Automobile's new energy product portfolio, propel the execution of pertinent strategic plans, and bolster the company's competitive edge in the burgeoning new energy vehicle market.