Changan Automobile adjusts stock repurchase price after ownership changes

Changan Automobile announced the completion of the industrial and commercial registration change for its controlling shareholder's equity, alongside a change in its indirect controlling shareholder. Effective November 3, 2025, China Changan Automobile Group Co., Ltd. now directly holds 1.41bn shares of the company, representing 14.23% of its total share capital. Through additional indirect holdings, China Changan Automobile Group Co., Ltd. now indirectly holds 2.06bn shares, or 20.81%, resulting in a total indirect holding of 3.47bn shares, or 35.04%, making it the indirect controlling shareholder. The actual controller remains the State-owned Assets Supervision and Administration Commission of the State Council.

In a related development, the company's board of directors approved an adjustment to the repurchase price of its A-share restricted stock incentive plan. Following the 2025 interim profit distribution where RMB 0.5 was distributed per 10 shares, the repurchase price for previously granted restricted stock was adjusted from RMB 2.44 per share to RMB 2.39 per share. The repurchase price for contingently granted restricted stock was adjusted from RMB 6.59 per share to RMB 6.54 per share. These adjustments align with the company's incentive plan rules.

The board also approved the establishment of Changan Tian Shu Intelligent Robot Technology Co., Ltd. with a registered capital of RMB 450m. The company will contribute RMB 225m for a 50% stake, and its wholly-owned subsidiary, Changan Technology, will invest RMB 45m for a 10% stake.