Changan automobile adjusts restricted stock repurchase price after dividend payout

Chongqing Changan Automobile’s board of directors approved an adjustment to the repurchase price for its A-share restricted stock incentive plan. This adjustment follows the company's approval of an interim profit distribution plan to distribute a cash dividend of CNY 0.50 per 10 shares to all shareholders.

The repurchase price for initially granted restricted stock was adjusted from CNY 2.44 per share to CNY 2.39 per share. The price for reserved restricted stock was adjusted from CNY 6.59 per share to CNY 6.54 per share. These adjustments were made in accordance with the company’s incentive plan to account for the cash dividend payout.

The board of directors also approved the appointment of Mr. Wang Hui as the company's executive vice president and discussed investment for establishing a robotics company. These decisions aim to align the incentive plan with the company’s financial actions and strategic growth initiatives.