Summary by Moomoo AI
Dongfeng Group Co., Ltd. (“Dongfeng Group”) issued a voluntary announcement on 17 April 2024, announcing that its controlling shareholder Fen Motor Group Limited (“Dongfeng Motor Company”) has added 3,160,000 shares of H shares through Hong Kong Stock Exchange at an average price of HK$2.77. Following this increase, Dongfeng Motor Corporation's shareholding ratio increased to approximately 73.40%, of which internal equity accounted for approximately 69.56% and H-shares accounted for approximately 3.84%. Dongfeng Motor Company said that the move is based on confidence in Dongfeng Group'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. Dongfeng Group will continue to monitor the growth of holdings and disclose relevant information in a timely manner. The announcement also reminds shareholders and potential investors that the increase in shares of Dongfeng Motor Company will be subject to market conditions and has absolute discretion to urge shareholders and investors to exercise caution when buying and selling shares.