On July 31st, news emerged that Changan Automobile had earlier disclosed its intention to co-invest 3 billion yuan alongside China Changan Automobile Group and Chenzhi Group, aiming to partake in the capital increase and share expansion of its wholly-owned subsidiary, Changan Technology. This deal was classified as a related-party transaction. On July 30th, Changan Automobile convened the 61st session of its ninth board of directors, during which it deliberated and sanctioned the proposal to discontinue the capital increase and share expansion plans for Changan Technology, as well as the halt of further capital injections. However, the proposal to terminate the capital increase is still pending shareholder approval. Changan Automobile explained that, owing to the faster-than-anticipated (unexpectedly rapid) strides in intelligent innovation at Changan Technology, and with the goal of expediting market-oriented financing, the company opted to scrap the initial plan. It now intends to swiftly launch a fresh round of market-oriented financing, with the original capital contributors slated to continue their involvement.