Changan Auto adjusts restricted stock prices, cancels shares

Chongqing Changan Automobile's board of directors and supervisory board approved adjustments to the repurchase price and the repurchase and cancellation of certain A-share restricted shares on September 26, 2025. This decision, following the company's 2024 equity distribution plan, will be submitted to a general meeting of shareholders for approval.

The initial grant price for restricted shares will be adjusted from 2.73 yuan per share to 2.44 yuan per share, and the reserved grant price from 6.88 yuan per share to 6.59 yuan per share. A total of 1,161,948 restricted shares will be repurchased and cancelled, representing 0.01% of the company's total share capital before the repurchase.

The repurchase is triggered by 32 original incentive recipients retiring, being transferred, or resigning, thereby no longer meeting the incentive conditions. The total repurchase amount is estimated at 3,332,518.17 yuan (excluding interest), funded by the company's own capital. Following the repurchase, the company's total share capital will decrease to 9,912,924,112 shares.