On February 3, 2026, Anhui Jianghuai Automobile Group Corp.,Ltd. closed the transaction. The company issued 70,168,404 A shares at a par value of CNY 1 at an issue price of CNY 49.88 per share for gross proceeds of CNY 3,499,999,991.52. The transaction includes participation from Yao Zhichao for 2,004,811 shares, New Thinking Investment Management Co., Ltd. ?
New Thinking Multi-Strategy Fund of Funds Private Securities Investment Fund for 4,009,623 shares, Zhongyue Capital Management Co., Ltd. ? Zhongyue Zhixiang No. 2 Private Securities Investment Fund for 2,004,811 shares, GF Securities Co., Ltd. for 5,212,510 shares, Ge Weidong for 20,048,115 shares, Fang Wenyan for 20,048,115 shares, Zhichun Selected Issue 1 Private Securities Investment Fund for12,028,869 shares, Caitong Fund Management Co., Ltd. for 4,811,550 shares.
Upon completion of this offering to specific investors, the shares subscribed by the investors may not be transferred within six months from the conclusion of the offering. During the lock-up period after the offering, principals or partners may not transfer the product interests they hold or withdraw from the partnership. Any shares derived from the shares obtained through this offering as a result, the Company?s bonus issues or the conversion of capital reserve into share capital shall also be subject to the above lock-up arrangements.
The company issued shares to specific investors by a book building (competitive bidding) method. The pricing benchmark date is the first day of the issuance period, i.e., January 27, 2026. The issuance price in this offering is not lower than 80% of the average trading price of the Company?s stock for the 20 trading days (excluding the pricing benchmark date, same below) prior to the pricing benchmark date.
The total issue expenses excluding VAT amounting to CNY 20,015,874.13, the actual net proceeds raised are CNY 3,479,984,117.39.
