Changan Automobile bondholders approve share repurchase and cancellation

Chongqing Changan Automobile Co., Ltd. announced its bondholders for the 2022 publicly issued corporate bonds for scientific and technological innovation (first tranche) to professional investors (bond code: 148147.SZ, bond name: 22 Changan K1) have approved the "Proposal on Adjusting the Repurchase Price and Repurchasing and Cancelling Part of the Restricted Shares under the A-share Restricted Stock Incentive Plan." The resolution was passed with 100% approval.

The decision stems from the company's board of directors and supervisory board meetings in September and October 2025, which approved the repurchase and cancellation of 1,161,948 restricted shares. This action will reduce the company's total share capital and registered capital by the same number of shares. This reduction, not exceeding 10% of the net assets from the latest audited consolidated financial statements at the time of the bond issuance, was deemed in compliance with relevant regulations.

The bondholders' meeting, convened by CITIC Securities Co., Ltd., took place online from November 6 to November 12, 2025, using a simplified procedure. The bonds, with an issuance size of 10 bn yuan and a fixed interest rate of 3.00% over a five-year term, were issued on December 20, 2022. Beijing Zhonglun (Shenzhen) Law Firm provided legal oversight for the meeting, confirming its compliance with applicable laws and regulations.