According to Zhitong Finance App, Deutsche Bank World (02418) issued an announcement. On December 30, 2025, the board of directors of the Company reviewed and approved the proposal to convert 538 million domestic shares of the Company held by the Company's shareholder Shaanxi Automobile Group Co., Ltd. into H shares of the Company (full circulation of H shares), accounting for about 24.67% of the total number of shares issued by the Company on the date of this announcement.
The full circulation of H shares is still subject to all relevant approvals before it can be implemented, including the filing of the full circulation of H shares. The above mentioned conversion of the Company's domestic shares into H shares and the Stock Exchange approved the listing and trading (conversion and listing) of the relevant H shares on the main board of the Stock Exchange. As of the date of this announcement, the company has not submitted application filing documents to the China Securities Regulatory Commission for the full circulation of H shares, nor has it applied to the Stock Exchange for conversion and listing. According to the company's articles of association, no shareholders' approval is required for conversion and listing.