GAC Group approves shareholder value enhancement plan

Guangzhou Automobile Group (GAC Group) [SSE:601238] announced the approval of a comprehensive "Value Enhancement Plan" at its Sixth Board of Directors' 81st meeting. The plan aims to boost the company's investment value and shareholder returns through various strategic initiatives. These include operational improvements, strategic mergers and acquisitions, as well as enhanced shareholder returns. A key component is GAC's "Pan-Yu Action" plan, focused on increasing the contribution of proprietary brands to 60% of total sales by 2027, which includes launching 22 new models and deepening its collaboration with Huawei. The company also aims to expand its international market presence to 100 countries and regions, targeting exports of 500,000 vehicles by 2027.