Autohome's major shareholder changes hands

Autohome released an announcement on the Hong Kong Stock Exchange, announcing that Yunchen Capital, a subsidiary of its major shareholder Ping An of China, has signed a share sale agreement with CARTECH HOLDING COMPANY (Cartech), a subsidiary of Haier Group. According to the agreement, Yunchen Capital agreed to sell 200,884,012 ordinary shares of the company, accounting for approximately 41.91% of the company's issued ordinary shares, at a price of US$1.8 billion (approximately RMB 13.11 billion). At the same time, the original CEO Wu Tao resigned and was replaced by Yang Song, who has extensive experience in the automotive industry.