Chongqing Changan Automobile
Company Limited
2023Annual Report
April 2024

Chapter 1 Important Notice, Contents, and Definitions
1. The Board of Directors (or the “Board”), the Supervisory Board as well as the directors,
supervisors and senior managers of Chongqing Changan Automobile Co., Ltd. hereby guarantee the
factuality, accuracy and completeness of the contents of this Report and its summary, and shall be
jointly and severally liable for any misrepresentations, misleading statements or material omissions
therein.
2. Zhu Huarong, the Company’s legal representative, Zhang Deyong, the Company’s Chief
Financial Officer and Shi Haifeng, the person-in-charge of the accounting organ hereby guarantee
that the financial statements carried in this Report are factual, accurate, and complete.
3. Except the following directors, all the directors have attended the board meeting for reviewing
this Report.
Name of the directors absent Positions Reasons for the absence Name of the Trustees
Deng Wei Director Work reasons Jia Lishan
Shi Yaoxiang Director Work reasons Zhang Deyong
Li Keqiang Independent Director Work reasons Tang Guliang
4. Any prospective description such as future business plans and development strategies in this
Report shall not be considered as the Company’s commitment to investors. Investors and relevant
persons shall be sufficiently mindful of risks, and undertake the difference in plans, predictions and
commitment.
5. Chapter III “Management Discussion and Analysis” of this Report describes the possible risks
and countermeasures of the Company, and investors shall pay attention to the relevant content.
6. The Board has approved a final dividend plan as follows: Based on 9,917,289,033 shares, a cash
dividend of RMB 3.43 (tax included) per 10 shares is to be distributed to all shareholders, without
transferring capital reserve to share capital.
This Report have been prepared in both Chinese and English. Should there be any discrepancies or
misunderstandings between the two versions, the Chinese version shall prevail.

CONTENTS

Chapter 1 Important Notice, Contents, and Definitions......1
Chapter 2 Company Profile and Main Financial Indexes......5
Chapter 3 Management Discussion andAnalysis......10
Chapter 4 Corporate Governance......37
Chapter 5 Environmental and Social Responsibility......58
Chapter 6 Important Matters......67
Chapter 7 Share Changes and Shareholder Information...... 72
Chapter 8 Preference Shares...... 78
Chapter 9 Bonds......79
Chapter 10 Auditor’s Report...... 82
Documents Available for Reference
I. Financial statements carrying the signatures and seals of the Company’s legal representative, the Chief Financial
Officer, and the person-in-charge of the accounting organ.
Ⅱ. The 2022Auditor’s Report stamped by the accounting firm and signed and stamped by chartered accountants.
Ⅲ. During the reporting period, the original copies of all company documents and announcements publicly
disclosed by the Company in China Securities Journal, Securities Times, Securities Daily, Shanghai Securities
News, and Hong Kong Commercial Daily.
IV. Annual Reports disclosed in other securities markets.
Definitions
Items Definitions
Changan Auto, Changan Refers to Chongqing Changan Automobile Co., Ltd.
Automobile, the Company
CSG Refers to China South Industries Group Corporation, the Company’s actual
controller
China Changan Refers to China Changan Automobile Group Co., Ltd., formerly known as China
South Industries Automobile Co., Ltd., a subsidiary company of CSG
Changan Industry Refers to Chongqing Changan Industry (Group) Co., Ltd., formerly known as
Changan Automobile (Group) Co., Ltd., a subsidiary company of CSG
Nanjing Changan Refers to Nanjing Changan Automobile Co., Ltd., a subsidiary company of the
Company
Hebei Changan Refers to Hebei Changan Automobile Co., Ltd., a subsidiary company of the
Company
Hefei Changan Refers to Hefei Changan Automobile Co., Ltd., a subsidiary company of the
Company
Changan Bus Refers to Baoding Changan Bus Co., Ltd., a subsidiary company of the Company
Chongqing Changan Kaicheng Automotive Technology Co., Ltd.,
Changan Kaicheng Refers to formerly known as Kaicheng Automotive Technology Co., Ltd., a
subsidiary company of the Company
CIC Refers to Chongqing Changan Automobile Internatio