China Chang'an Automobile Group Co., Ltd. announced a new round of management adjustments on October 16. Zhu Huarong continues to serve as the Group's Party Secretary and Chairman, but will no longer concurrently hold the positions of Chairman and Party Secretary of the listed company Chongqing Chang'an Automobile Co., Ltd. Zhao Fei, General Manager of the Group, will take over as Chairman of the listed company, and Ye Pei, former Executive Vice President, will become President and Deputy Party Secretary of the listed company. This adjustment aims to streamline management functions between the Group and the listed company following the formation of the new central SOE, separating group strategy from vehicle operations to address market challenges, including the pressure of an 18.07% year-on-year cumulative sales decline in the first three quarters.