Changan Auto's controlling shareholder rebrands to Chengzhi Tech Group

Chongqing Changan Automobile (SZSE:000625) announced that its controlling shareholder, China Changan Automotive Group, has officially changed its name to Chengzhi Automotive Technology Group after completing the necessary industrial and commercial registration. The change does not affect the number of shares held or the shareholding ratio, nor does it impact the company's governance or operations. The registered capital of Chengzhi Automotive Technology Group is CNY 609,227.34 thousand. A recent report on Changan Automobile's bond trusteeship affairs indicates the company's sound financial standing and normal solvency, supporting the strategic move. As part of its 2024 bond trusteeship report, the company noted positive trends in the automotive market, with vehicle sales reaching 2.684 million units, contributing to future growth of Chengzhi Automotive Technology Group.