Changan Automobile announces capital increase and share expansion plan

Changan Automobile recently announced that its holding subsidiary Chongqing Changan Kaicheng Automobile Technology Co., Ltd. ("Changan Kaicheng") plans to increase capital and expand shares to attract investors through public listing, with an estimated capital increase of no more than 2.5 billion yuan. Among them, Changan Automobile plans to increase capital by cash and intangible assets totaling no more than 500 million yuan. China Changan and China Southern Assets also plan to participate in the capital increase.