Summary by Moomoo AI
Dongfeng Group Co., Ltd. (“Dongfeng Group”) issued a voluntary announcement on 14 March 2024, announcing that its controlling shareholder Fen Motor Group Limited has added 3,320,000 shares of H shares through Hong Kong Stock Exchange at an average price of HK$3.12 per share. Following this increase, Dongfeng Automotive Group's shareholding ratio increased to approximately 73.19%, of which internal equity accounted for approximately 69.56% and H shares accounted for approximately 3.63%. Dongfeng Motor Group said the move reflects confidence in Dongfeng Group's prospects and recognition of its long-term investment value, and may increase H shares in due course depending on market conditions. Dongfeng Group will continue to monitor the growth of its controlling shareholders and will disclose relevant information to shareholders and potential investors as appropriate or necessary. The announcement also reminds shareholders and investors to exercise caution when trading shares.