According to the Zhitong Finance App, Guangzhou Automobile Group (02238.HK) announced that on September 14, 2026, the company signed an “Intent Agreement” with FAW Co., Ltd. In order to promote the optimal integration of industrial resources between local state-owned enterprises and central enterprises and enhance the operating efficiency of listed companies, the company plans to purchase part of the shares in a vehicle joint venture held by FAW shares and raise supporting capital. According to preliminary estimates, after the transaction is completed, FAW Co., Ltd. will become the company's second-largest and strategically influential shareholder; this transaction is expected to constitute a major asset restructuring and related transaction, not a change in the actual controller of the company, or a restructuring and listing.

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