On March 30, Voyah Automotive issued an announcement stating that Dongfeng Asset Management Co., Ltd. (Dongfeng Asset), one of the company’s controlling shareholders, plans to increase its holdings of the company’s H shares within 12 months from the date of the announcement, with the total amount of the initial phase of the increase not exceeding RMB 250 million. As of the date of this announcement, Voyah’s controlling shareholders—Dongfeng Motor Corporation, Dongfeng Asset, and Wuhan Woya Enterprise Management Consulting Partnership (Limited Partnership)—hold a total of 2,438,479,300 domestic shares and 118,184,609 H shares of the company, representing approximately 69.47% of the company’s total issued shares. Voyah Automotive Announces Controlling Shareholder’s Stake Increase This share purchase came at a critical moment when Voyah had just completed its Hong Kong listing and was facing market tests over its stock price. On March 19, Voyah Automotive was officially listed on the Hong Kong Stock Exchange under the stock code 07489.HK. However, due to multiple factors—including the overall weakness of the Hong Kong stock market, ongoing valuation adjustments in the new energy vehicle sector, and the company’s use of the “introduction” listing method (which did not involve issuing new shares for fundraising)—Voyah’s share price experienced short-term fluctuations after listing, drawing widespread market attention. Against this backdrop, Dongfeng Asset moved decisively on March 30 to initiate the share purchase plan. According to the announcement, Dongfeng Asset decided to carry out the purchase based on its full recognition of and confidence in Voyah’s future development prospects, with the aim of boosting investor confidence, supporting the company’s sustained and healthy development, and stabilizing its share price. Voyah Lists on Hong Kong Stock Exchange Financial data shows that between 2023 and 2025, Voyah’s annual sales climbed from 50,000 units to 150,000 units, representing a compound annual growth rate of 73%; its operating revenue surged from RMB 12.75 billion to RMB 34.86 billion, a nearly threefold increase. Additionally, Voyah has entered a phase of profit realization. In 2023, the company recorded a net loss of RMB 1.496 billion; the loss narrowed to RMB 90.5 million in 2024, and the company achieved its first quarterly profit in the fourth quarter of that year. Data shows that for the full year of 2025, the company posted a net profit of RMB 1.02 billion, with a gross margin stable at 20.9%.