Changan Automobile completes a new round of financing, and China North Industries Group Corporation increases its shareholding ratio

Changan Automobile announced the completion of a new round of financing, issuing shares to its actual controller, China North Industries Group Corporation, and its subsidiaries China Changan and Southern Asset Management at a price of 11.78 yuan per share, raising no more than 6 billion yuan. After this issuance, the shareholding ratio of China North Industries Group Corporation and its subordinate units will increase from 39.68% to 42.63%.