Major Shareholder of Saic Motor Pledges No Stock Sales for Six Months

Stock News07-20

Saic Motor Corporation Limited (SH: 600104) has announced that it has received a formal commitment from its controlling shareholder, Shanghai Automotive Industry Corporation (Group) (referred to as "SAIC Group"), regarding the non-disposal of shares. The commitment states that, based on confidence in the company's future prospects and recognition of its intrinsic investment value, and to support the company's sustained, stable, and healthy development while safeguarding the interests of investors, SAIC Group pledges not to reduce its shareholding in any manner for a period of six months starting from the date the commitment was signed (July 20, 2026). This commitment applies to all shares it currently holds and any new shares obtained through corporate actions such as capital reserve conversions into share capital or stock dividends.

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