Changan and Jiangling Return to 50:50 Joint Control of Jiangling Holdings

[Equity Restructuring] Changan Automobile and Jiangling Group have completed their equity acquisition of Jiangling Holdings, with local capital Jiangxi State-owned Capital Investment & Holding Group (Jiangxi Guokong) fully exiting.

Core Development: Changan and Jiangling Group Each Hold 50% Equity

Following the transaction, Jiangling Holdings is now jointly and equally governed by Changan Automobile and Jiangling Group, ending the previous three-party ownership structure. Jiangxi Guokong exited by transferring its 50% stake—25% via paid transfer and 25% through non-compensated allocation.

Strategic Rationale: Addressing Inefficient Decision-Making and Poor Resource Coordination

Since introducing external shareholders in 2019, Jiangling Holdings has long been constrained by a complex equity structure. The return to a dual-controlling-shareholder model aims to enhance operational efficiency and accelerate the company's new energy vehicle transformation and capacity utilization.