Changan Automobile Buyback Reaches 197 Million Shares, 1.98% of Capital

The split matters more than the headline: A-shares account for only a third of the repurchased volume, while B-shares — a structurally illiquid, often discounted class — carry the bulk. That skews the buyback's effect toward supporting the B-line rather than the main A-share float, and the wide per-share ranges imply the program has run across a significant price move. Whether the pace continues into the next reporting period is the open question.