Nan Fang Du Shi Bao·2026-03-09 14:00Core Viewpoint - Dongfeng Group has successfully passed the privatization proposal and the introduction of Lantu Automotive to the Hong Kong Stock Exchange, indicating strong support from minority shareholders for the transaction [2]. Group 1: Transaction Details - The privatization involves Dongfeng Group's major shareholder acquiring all shares from minority shareholders, leading to a 100% state-owned control [2][6]. - The transaction is structured as a combination of "share distribution + absorption merger," aimed at optimizing resource allocation [6]. - Following the completion of the transaction, Dongfeng Group will delist from the Hong Kong Stock Exchange and Lantu Automotive will independently list, enhancing its position in the international capital market [6]. Group 2: Strategic Implications - The successful execution of this capital operation achieves dual objectives: optimizing the state-owned equity structure and releasing the value of quality assets [6]. - Dongfeng Group will focus on the new energy vehicle sector with a 100% state-owned structure, while Lantu Automotive will accelerate its development as an independent entity [6]. - This strategic move is expected to enhance Dongfeng Group's core competitiveness in the new energy vehicle market [6].