Qingling Motors Co. Ltd. has announced a significant change in its shareholder structure following the decision by the Chongqing Municipal People's Government to transfer 80% of the equity interests in Qingling Group, the controlling shareholder of Qingling Motors, to Chongqing Yufu Holding Group Co. This transfer was previously held by the Chongqing State-owned Assets Supervision and Administrative Commission. Despite this change, Qingling Group will retain its 50.1% equity stake in Qingling Motors. This move is expected to bolster Qingling Motors' transformation and development in the new energy sector, particularly in intelligent network-connected new energy commercial vehicles. The announcement was made in compliance with the Listing Rules of the Stock Exchange of Hong Kong Limited.
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