Core Points - Chang'an Minsheng Logistics (01292) announced that its indirect controlling shareholder, China Ordnance Equipment Group Co., Ltd., received a notification from the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) regarding the approval of a split of the group [1] - The automotive business of the group has been separated into an independent central enterprise, with SASAC performing the role of investor [1] - The split has been completed with the establishment of a new company, China Chang'an Automobile Group Co., Ltd. [1] Summary of Changes - Prior to the equity change, Southern Industrial Asset Management Co., Ltd. directly held 40 million shares, accounting for approximately 19.80% of the total issued shares, while Chenzhi Group directly held 41.2256 million shares, accounting for approximately 20.40% [2] - After the equity change, both Southern Asset and Chenzhi Group retained their respective shareholdings, with no change in percentage [2] - The split resulted in the Ordnance Equipment Group holding 100% equity of Southern Asset, while China Chang'an Automobile holds 100% equity of Chenzhi Group [2]