Guangzhou Automobile Group announces restructuring plan: targeted issuance to acquire 50% equity of FAW Toyota, with FAW becoming the second largest shareholder

On the evening of September 28th, GAC Group disclosed its restructuring plan, intending to issue shares at a targeted price of 5.75 yuan per share to acquire 50% of FAW Toyota's equity held by FAW Group, and raise funds not exceeding 25% of the transaction amount. Trading will resume on September 29th. The target sales volume for 2025 is 805500 units. Affected by business pressure, Guangzhou Automobile Group suffered a net loss of 8.78 billion yuan in 2025 and another loss of 4.467 billion yuan in the first half of this year. The purpose of this pure share swap transaction is to integrate joint venture resources or provide a sample for the industry to crack internal competition. Relevant approvals still need to be pushed forward in the future.