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On July 29, Changan Automobile announced a significant shift in its shareholding structure. Following the successful reorganization of China South Industries Group Corporation, the 14.23% stake that it previously held directly in Changan Automobile has been transferred to the newly formed China Changan Automobile Group. Upon completion of this transfer, China Changan Automobile Group now holds a total of 35.04% of Changan Automobile's shares, thereby becoming its indirect controlling shareholder. Nonetheless, the ultimate controlling entity of Changan Automobile remains the State-owned Assets Supervision and Administration Commission of the State Council. Pursuant to relevant regulations, China Changan Automobile Group is exempt from making an offer in connection with this equity change.
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