Changan Automobile to reduce capital via share repurchase and cancellation

Chongqing Changan Automobile Co., Ltd. is undertaking a capital reduction by repurchasing and cancelling 1,161,948 restricted shares. This action follows resolutions passed at various board and shareholder meetings in late 2025. The company's total share capital will decrease by 1,161,948 shares, and its registered capital will be reduced by CNY 1,161,948.

Creditors of the "22 Changan K1" bond (bond code: 148147.SZ), a CNY 1 billion, five-year fixed-rate bond issued in 2022, have been notified and have 45 days from the announcement date to demand repayment or request guarantees. CITIC Securities, as the bond trustee, will hold a simplified bondholder meeting from November 6 to November 12, 2025, to address the proposed repurchase and cancellation plan.

This share repurchase and capital reduction are not expected to have a significant adverse impact on the company's governance, operations, or debt repayment capacity, as the scale of the capital reduction does not exceed 10% of the company's net assets as of the latest audited consolidated financial statement at the time of the bond issuance.