Changan automobile's indirect controlling shareholder changes after group restructuring

Chongqing Changan Automobile Co., Ltd. (Changan Automobile) has announced the completion of an industrial and commercial change registration for its equity, resulting in a new indirect controlling shareholder. Following approval from the State Council, China Ordnance Equipment Group Co., Ltd. undertook a spin-off, creating China Changan Automobile Group Co., Ltd. (China Changan Automobile).

Under this restructuring, the 14.23% stake in Changan Automobile previously held by China Ordnance Equipment Group, along with 100% of the equity in Chenzhi Automobile Technology Group Co., Ltd., were transferred to China Changan Automobile. As of November 3, 2025, China Changan Automobile now directly holds 1,410,747,155 shares of Changan Automobile, representing 14.23% of its total share capital.

Furthermore, with Chenzhi Automobile Technology Group Co., Ltd. completing its industrial and commercial change registration on November 27, 2025, China Changan Automobile, through its direct and indirect holdings via Chenzhi Automobile Technology Group and Zhonghui Futong Investment Co., Ltd., now collectively holds 3,474,336,130 shares, or 35.04% of Changan Automobile's total share capital. The actual controller remains the State-owned Assets Supervision and Administration Commission of the State Council.