The GAC Group announced that the company and FAW Co., Ltd. signed an “Intent Agreement” on September 14, 2026 to plan to purchase part of the shares of an automotive joint venture held by FAW shares and raise supporting capital. The transaction is expected to constitute a major asset restructuring and related transaction. It does not constitute a change in actual controller, and does not constitute a restructuring and listing. After the transaction is completed, FAW Co., Ltd. will become the company's second largest strategic shareholder. Trading of the company's A-share shares has been suspended since the opening of the market on September 14, 2026, and is expected to be suspended for no more than 10 trading days. The deal is still in the planning stage, and there is uncertainty.

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