FAWER Automotive completes Fawerwanan equity transfer, receives full payment

FAWER Automotive Parts Company (FAWER Automotive) has announced the completion of its equity transfer of Changchun Fawerwanan Brake Control Systems Co., Ltd. (Fawerwanan). The company received the full payment of 26,222,000 yuan for the 40% equity stake, which was transferred to Zhejiang Wan'an Technology Co., Ltd. (Wan'an Technology).

The transaction, initially disclosed on November 4, 2025, involved FAWER Automotive selling its shares in Fawerwanan to Wan'an Technology. Following the sale, Fawerwanan finalized the necessary change registration procedures with the market supervision administration.

As a result of this transaction, FAWER Automotive no longer holds any equity in Fawerwanan, marking the full settlement and delivery of the equity transfer.