Ankai Automobile's major shareholder completes stake reduction

Anhui Ankai Automobile Co., Ltd. announced on September 18, 2025, that its major shareholder, Anhui Provincial Investment Group Holding Co., Ltd. (Provincial Investment Group), has completed its previously disclosed share reduction plan. The Provincial Investment Group, holding over 5% of Ankai Automobile's shares, initiated the plan on May 27, 2025, aiming to reduce its stake by up to 9,395,100 shares, equivalent to 1% of the company's total share capital.

The share reduction was executed via centralized bidding transactions between August 26, 2025, and September 15, 2025. During this period, 9,395,100 shares were sold at an average price of RMB 5.84 per share, with transaction prices ranging from RMB 5.62 to RMB 6.07 per share.

Following the completion, Provincial Investment Group's total holding in Ankai Automobile decreased from 69,245,331 shares (7.37% of total share capital) to 59,850,231 shares (6.37% of total share capital). The company confirmed that Provincial Investment Group is not its controlling shareholder or actual controller, and this reduction will not alter the company's control structure or impact its corporate governance and ongoing operations.