Photo/Li Xing (NBD)

NBD AI Bulletin -- Anhui Automobile Group Corp., Ltd. (the Company, SH 600418, closing price: 12.1 yuan) announced on July 13 that the cumulative intraday closing price deviation of the Company over three consecutive trading days (July 9, July 10, July 13, 2020) has exceeded 20%.

Through verification, the Company learns that on July 2, 2020, Anhui Jianghuai Automobile Group Holdings Limited was approved by the State-owned Assets Supervision and Administration Commission of Anhui Province to transfer 150 million shares of the Company to Anhui State-owned Capital Operation Holding Group for free. In addition, the approval formalities of its transaction with Volkswagen China are still pending and uncertainties remain, which will not have a direct impact on the Company's current performance and the impact on its future's performance remains unclear.

NBD AI Review: Shares of Anhui Automobile Group Corp., Ltd. rose 31.52% in the last five trading days, while the auto sector it belongs to rose 8.65% and the Shanghai Composite Index rose 3.31% over the same period.

According to the 2019 annual report, Anhui Automobile Group Corp., Ltd. mainly engages in manufacturing, accounting for 93.02% of its revenue.

Anhui Automobile Group Corp., Ltd.'s chairman is An Jin, 63 years old, Ph.D. in Management Science and Engineering, senior engineer. Anhui Automobile Group Corp., Ltd.'s general manager is Xiang Xingchu, male, 50 years old, MBA, Anhui Institute of Business Administration, engineer.

(By Tan Yuhan)

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