Changan Automobile (000625.SZ): Its holding subsidiary Shenlan Automobile plans to increase capital and expand shares, with an expected fundraising scale of approximately 6.122 billion yuan.

Zhixin Finance APP News, Changan Automobile (000625.SZ) announced that in order to meet business development and funding needs, its controlling subsidiary, Shenlan Automotive Technology Co., Ltd. (hereinafter referred to as "Shenlan Automotive"), plans to carry out capital increase and share expansion. The expected fundraising scale is approximately 6.122 billion yuan (subject to the actual amount received), including two parts: public listing increase of Chongqing United Property Exchange Group Co., Ltd. (hereinafter referred to as "Chongqing UPEX") and non-public agreement increase. The transaction price is based on the final increase price of the public listing, which is not lower than the evaluation value approved by the state-owned assets. The fundraising targets include original shareholders and qualified investors. Among them, Changan Automobile plans to increase capital by a total of no more than 3.122 billion yuan through non-public agreement method by adding intangible assets and its own funds.