The GAC Group announced that the company is planning to purchase some of the shares in an automobile joint venture held by FAW shares and raise supporting capital by issuing shares. This transaction is expected to constitute a major asset restructuring and related transaction. It does not constitute a change in actual controller or a restructuring 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. Up to now, the deal is still in the planning stage. The two parties have not signed a formal agreement, and they still need to go through review and regulatory approval procedures. There is uncertainty, and trading of the company's A-share shares will continue to be suspended.

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