Changan Automobile released an announcement, stating that, fueled by confidence in the company’s future growth prospects and a recognition of its fundamental value, the company intends to buy back shares as a means to reduce its registered capital. The total funds allocated for this buyback range from 1 billion to 2 billion yuan. Specifically, the buyback amount for A-shares is set between 700 million and 1.4 billion yuan, while for B-shares, it ranges from 300 million to 600 million yuan. The buyback will be executed through the trading system of the Shenzhen Stock Exchange, utilizing centralized bidding transactions. The maximum price for the buyback will not exceed 150% of the average trading price of the company’s shares over the 30 trading days preceding the board of directors’ approval of the buyback plan. The buyback implementation period is capped at 12 months from the date of approval of the final plan by the shareholders' meeting.