JAC Motors' controlling shareholder plans stake increase

Anhui Jianghuai Automobile Group Corp (SSE:600418) announced today that its controlling shareholder, Jianghuai Automobile Group Holding, plans to increase its stake in the company. The parent company intends to purchase shares through the Shanghai Stock Exchange's trading system, using its own funds. The planned investment will be between CNY 50 million and CNY 100 million, over the next six months, starting from the date of this announcement (April 8, 2025). Jianghuai Automobile Group Holding currently holds 615,400,702 shares, representing 28.18% of the total share capital. The controlling shareholder indicated the decision reflects its confidence in the company's future prospects and current market conditions. The company also stated that the plan is subject to market conditions and other unforeseen factors.