Changan Automobile listed for transfer of 10% equity of Avita Technology, with a minimum price of approximately 3.2 billion yuan

On November 12th, Changan Automobile listed on the Shanghai United Property Rights Exchange to transfer its 10% stake in Avita Technology, with a trading price of 3.1828 billion yuan. The disclosure deadline is December 10th. Changan Automobile stated to the Economic Observer that this transfer is a continuation of Avita's market-oriented equity path. Changan Automobile aims to further promote the diversification of Avita's equity structure, improve its market-oriented operation mechanism, enhance its market vitality, and firmly support Avita's listing. After the transfer, Changan Automobile remains the largest shareholder, holding about 31% of the shares, and has no impact on the development and positioning of Avita.