Chery Automobile's Mixed Ownership Reform Process

Due to financial pressure, Chery Automobile carried out mixed-ownership reform in 2019, and Qingdao Wudaokou became the largest shareholder of Chery Holdings and Chery Automobile. Subsequently, Luxshare Precision purchased part of Chery's shares held by Qingdao Wudaokou and became Chery's new strategic investor.