Ankai Automobile major shareholder reduces stake, crossing 1% threshold

Anhui Ankai Automobile Co., Ltd. announced on September 4, 2025, that its major shareholder, Anhui Investment Group Holdings Co., Ltd., has reduced its stake, triggering a 1% whole multiple change in ownership. This follows a previous disclosure on May 27, 2025, outlining a plan to sell up to 9.3951 million shares (1% of total share capital).

Between August 26 and September 2, 2025, Anhui Investment Group sold 4,025,600 shares through centralized bidding transactions, representing 0.43% of Ankai Automobile's total share capital. The average sale price was RMB5.9 per share, with prices ranging from RMB5.62 to RMB6.07 per share. This transaction reduced Anhui Investment Group's total holding from 7.37% to 6.94%.

The company confirmed that this share reduction is consistent with the previously disclosed plan and does not violate any commitments. Anhui Investment Group is not the controlling shareholder, and this transaction will not alter the company’s control or impact its governance and operations.