China Automotive Group: Yueda Group reduces its stake by 3% within 3 months.

China Automotive Holdings announced that its shareholder Jiangsu Yueda Group Co., Ltd., which holds 387 million shares, accounting for 29.22% of the company's total share capital, intends to reduce its holdings by a total of 39.717 million shares within three months after the announcement of the reduction plan, through centralized bidding and block trading, for operational needs. The reduction will not exceed 3% of the company's total share capital, with centralized bidding not exceeding 1% and block trading not exceeding 2%. The price range for the reduction will be determined based on the market price at that time.