GAC Group share repurchase progresses, equity change noted

Guangzhou Automobile Group (GAC Group) has announced the progress of its share repurchase program. Between the last announcement and February 2025, no shares were repurchased. As of February 28, 2025, the company had cumulatively repurchased 298,763,450 shares, representing 2.93% of the company's total share capital. The A-share repurchase involved 13,511,450 shares at an average cost of 7.10-7.82 RMB. The H-share component amounted to 285,252,000 shares, executed at an average cost of 2.29-3.72 HKD. The company also completed the cancellation of 118,404,000 H shares, reducing the company's total share capital to 10,197,065,900 shares. This share cancellation resulted in a passive increase in Guangzhou Automobile Industry Group's shareholding percentage to 54.02%. GAC Group stated it will continue executing the repurchase plan in compliance with regulations and will disclose information in a timely manner.