Summary by Moomoo AI
On 11 March 2024, Dongfeng Group Limited (the “Dongfeng Group”) carried out a share raising activity through Hong Kong Stock Exchange with an average price of HK$3.04 per share, adding 24,988,000 shares of H shares. Following this increase, the total number of shares held directly and indirectly by Dongfeng Group's controlling shareholders increased to 6,057,232,000 shares, representing approximately 73.15% of the total issued shares. Of these, equity accounted for 69.56% and H shares accounted for 3.59%. Dongfeng Group said that this move is based on confidence in the company's prospects and recognition of its long-term investment value. In the future, it will increase H shares in due course depending on market conditions. The Company will continue to monitor the increase in holdings and disclose relevant information in a timely manner. Shareholders and potential investors should be aware that the increase in shareholdings will be subject to market conditions and should exercise caution.