Volkswagen (Anhui) Co., Ltd. announced that it will receive CNY 6,500,000,000 in a equity round of funding on March 12, 2024. The transaction will include participation from returning investors Volkswagen (China) Investment Co., Ltd. for CNY 4,875,000,000, and Anhui Jianghuai Automobile Group Corp.,Ltd. for CNY 1,625,000,000. The registered capital of the company is CNY 7,355,615,280. Post-completion of the transaction, the company will increase from CNY 7,355,615,280 to CNY 13,855,615,288. The shareholding ratios between Anhui Jianghuai Automobile Group Corp.,Ltd and Volkswagen (China) Investment Co., Ltd. will remain unchanged at 25% and 75%. This transaction is subject to approval by the Anhui Jianghuai Automobile Group Corp.,Ltd.'s shareholders? meeting. This has been approved in the 17th meeting of the 8th board of directors of the Anhui Jianghuai Automobile Group Corp.,Ltd. The company will raise the money in tranches. The transaction is still subject to the approval of the Anhui Jianghuai Automobile Group Corp.,Ltd.'s shareholders' meeting, and related parties who are interested in the related transaction will give up the right to vote on the resolution at the shareholders' meeting. The transaction is expected to close between March 13, 2024, to December 31, 2025.

On March 28, 2024, The transaction has been approved in the 2024 second extraordinary shareholders? meeting of Anhui Jianghuai Automobile Group Corp., Ltd.