Changan Automobile has issued an announcement revealing that it has received notification of the official division of China South Industries Group Corporation into two entities: China South Industries Group Corporation (the surviving entity) and China Changan Automobile (the newly established entity). The requisite industrial and commercial registration procedures have been successfully completed. This division is in accordance with the "Separation Agreement of China South Industries Group Corporation," which was signed by both parties on July 27, 2025. Pursuant to the agreement, the 14.23% shares of Changan Automobile and the 100% equity of Chenzhi Group, previously held directly by China South Industries Group Corporation, have been transferred to the newly established China Changan Automobile without any monetary transaction. Following this equity adjustment, China Changan Automobile Group Co., Ltd. will become the indirect controlling shareholder of Changan Automobile, while the actual controller remains the State-owned Assets Supervision and Administration Commission of the State Council.