Dongfeng Asset Management Plans to Increase Stake in Voyah Auto's H-Shares, Initial Investment Up to RMB 250 Million

On March 30, VOYAH Automotive announced that Dongfeng Asset Management Co., Ltd. (Dongfeng AM), one of its controlling shareholders, plans to increase its holdings of the company's H-shares within the next 12 months, with an initial purchase amount not exceeding RMB 250 million. As of the announcement date, the combined stake held by VOYAH’s controlling shareholders stands at 69.47%. VOYAH officially listed on the Hong Kong Stock Exchange on March 19 (stock code: 07489.HK), becoming the first centrally owned state enterprise to debut as a premium new energy vehicle maker in Hong Kong. The listing was executed through a unique “equity distribution + merger by absorption” structure: Dongfeng Motor Group first distributed VOYAH shares to its existing shareholders, followed by VOYAH’s introduction listing on the HKEX. Subsequently, Dongfeng Group (Wuhan) Investment Company will absorb and merge with Dongfeng Motor Group, ultimately leading to the latter’s privatization and delisting. This share purchase underscores the major shareholder’s confidence in VOYAH’s long-term growth prospects.