Summary by Moomoo AI
Dongfeng Motor Group Co., Ltd. (the “Dongfeng Group”) issued a voluntary announcement on 23 April 2024, announcing that its controlling shareholder Fengfeng Motor Group Limited had added 4,806,000 shares of H shares through the Hong Kong Stock Exchange at an average price of HK$2.92. Following this increase, Dongfeng Motor Corporation's shareholding ratio rose to approximately 73.58%, with internal equity accounting for 69.56% and H shares representing approximately 4.02%. 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 investors that the increase in shares of Dongfeng Motor Company will be subject to market conditions and has the absolute discretion to urge shareholders and investors to exercise caution when buying and selling shares.