Changan publicly announced that the amount of subscription raised today does not exceed 4 billion yuan

Changan Automobile (000625) publicly announced the purchase of additional shares today, the additional price of 9.74 yuan / share, the number of additional is not more than 410 million shares, is expected to raise funds not exceeding 4 billion.

The capital raised from the issuance will be invested in three projects, namely the technological transformation of production lines for expansion, the upgrading of small-displacement engine industries, and the development of independent research and development capabilities. After the micro-vehicle expansion project is completed, it will add 220,000 CM9, F202 and G401 mini-passenger passenger vehicles; after the engine project reaches production, it will increase the overall production capacity of CC-series engines by 120,000 units/year, and add new CB-series engine integration. With a production capacity of 300,000 units/year, it is of great significance to upgrade and replace independent brand products and solve engine incompatibility. After the completion of independent research and development capacity building project, the company will achieve S5/P5 design and development capability.

The company has mastered 251 key core technologies in 286 projects in the field of automotive R&D, forming a “three countries and five regions” R&D structure. At present, the company’s own brand sales ratio exceeds 60%, ranking first in the domestic four major automobile groups. In 2009, Changan Automobile’s own brand output ranked 13th in the world and No. 1 in China.