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On July 29, Dongan Engine made an announcement that China Changan Automobile Group Co., Ltd. has successfully acquired 100% of the equity in Chenzhi Auto Technology Group Co., Ltd., effectively granting Changan Automobile an indirect holding of 50.93% in Dongan Engine shares. This transaction was executed without the exchange of cash or non-monetary assets and did not involve any financing from financial institutions through pledged shares. Following this acquisition, the State-owned Assets Supervision and Administration Commission of the State Council remains the ultimate controller of Dongan Engine, with Changan Automobile assuming the role of indirect controlling shareholder. The acquirer has pledged not to transfer the acquired shares within a period of 18 months.
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