VOYAH Auto’s Controlling Shareholder Raises Stake to 70.02% with Dongfeng Hong Kong Buying Over 20 Million H Shares

Leapmotor Auto announced on the Hong Kong Stock Exchange that, as of May 12, 2026, its shareholder Dongfeng (Hong Kong) had cumulatively acquired 20,192,000 H-shares of the company through secondary market transactions, representing 0.55% of the total issued share capital. Following this acquisition, the controlling shareholder Dongfeng Motor Corporation, together with Dongfeng Asset Management Co., Ltd., Dongfeng (Hong Kong), and Wuhan WoYa Enterprise Management Consulting Partnership (Limited Partnership), collectively held 2,438,479,300 domestic shares and 138,376,609 H-shares of Leapmotor Auto, amounting to 70.02% of the company’s total issued share capital. Leapmotor Auto was listed on the Hong Kong Stock Exchange on March 19, 2026, under stock code 07489.HK, via a combined “equity distribution + merger by absorption” structure. In the first phase, Dongfeng Motor Group distributed its 79.67% equity stake in Leapmotor Auto proportionally to all its shareholders. Subsequently, Leapmotor Auto was listed on the Hong Kong Stock Exchange by way of introduction—without issuing new shares or raising capital—and only existing shares were admitted for trading. In the second phase, Dongfeng Motor Group (Wuhan) Investment Co., Ltd. acted as the absorbing entity, paying equity consideration to Dongfeng Motor Corporation and cash consideration to other minority shareholders, ultimately achieving 100% ownership of Dongfeng Motor Group, completing its privatization, and delisting it from the Hong Kong Stock Exchange.