Changan Auto: Parent company restructuring approved

Chongqing Changan Automobile (SZSE:000625) announced that its indirect controlling shareholder, China North Industries Group Corporation (also referred to as "China North Industries Group"), is undergoing a restructuring. According to the announcement, the State Council has approved a separation of China North Industries Group, with its automotive business becoming an independent central enterprise directly under the State Council's State-owned Assets Supervision and Administration Commission (SASAC). Following the separation, China North Industries Group's equity will be injected into China North Industries Corporation. Changan Auto clarified that this restructuring will not change the ultimate controller of the company and is not expected to have a significant impact on the company's normal operations. The company will continue to disclose relevant information in accordance with regulatory requirements.