On the evening of December 17, Chongqing Changan Automobile Co., Ltd. (Changan Automobile, 000625.SZ) announced that due to the need of public interest, according to the relevant provisions of the Regulations on Expropriation and Compensation of Houses on State-owned Land, the Regulations on Expropriation and Compensation of Houses on State-owned Land in Chongqing and the Detailed Rules for the Implementation of the Regulations on Expropriation and Compensation of Houses on State-owned Land in Chongqing, the People’s Government of Yubei District, Chongqing plans to grant compensation to the company’s land and land located at No.579 Konggang Avenue, Yubei District, Changan Automobile intends to sign the Agreement on Expropriation of Houses on State-owned Land in Yubei District of Chongqing with the Housing Construction Committee of Yubei District. It is estimated that the total compensation for this expropriation is RMB 2.558 billion, and the final compensation amount is subject to the expropriation agreement formally signed by both parties. On December 17th, the company held the 33rd meeting of the 9th Board of Directors, deliberated and passed the Proposal on Disposal of Land and House Assets of Yubei Factory and Signing the Expropriation Agreement, and agreed to sign the above agreement with the Housing Construction Committee of Yubei District.