Chongqing Changan Automobile Company Limited (SZSE:200625) entered into share transfer agreement to acquire 10.34% stake in Chongqing Changan New Energy Vehicle Co., Ltd from Chongqing Changxin Equity Investment Fund Partnership Enterprise and Chongqing Liangjiang New District Chengwei Equity Investment Fund Partnership (limited partnership) on November 9, 2022. Chongqing Changan Automobile Company Limited (SZSE:200625) will acquire 7.71% from Chongqing Changxin Equity Investment Fund Partnership Enterprise and 2.63% from Chongqing Liangjiang New District Chengwei Equity Investment Fund Partnership (limited partnership). After the completed of transaction Chongqing Changan Automobile Company Limited (SZSE:200625) will hold 51% stake in Chongqing Changan New Energy Vehicle Co., Ltd. Transaction is subject to approval from Chongqing Changan Automobile Company Limited's board of directors, general meeting of shareholders and the Anti-Monopoly Bureau of the State Administration for Market Regulation.