Changan Automobile Plans to Repurchase A-Shares for RMB 700M–1.4B

Changan Automobile (000625) announced on March 2 that the company plans to repurchase A-shares and B-shares with a total amount ranging from RMB 1 billion to RMB 2 billion. Specifically, the repurchase amount for A-shares will be no less than RMB 700 million and no more than RMB 1.4 billion, while the repurchase amount for B-shares will be no less than RMB 300 million and no more than RMB 600 million. The repurchase is intended to reduce the company's registered capital. The repurchase price for A-shares will not exceed RMB 17.16 per share, and the repurchase price for B-shares will not exceed HKD 6.17 per share.