SDEC announced that its controlling shareholder SAIC Motor, based on confidence in the company's future development prospects and recognition of its intrinsic investment value, has pledged not to reduce its holdings of the company's shares in any way within six months starting from July 22, 2026, including newly added shares obtained through capital reserve conversion into share capital, stock dividend distribution, and other means. As of now, SAIC Motor holds 539 million shares of the company, accounting for 38.86% of the total share capital.
Shanghai Diesel Engine Co Ltd ASDEC's controlling shareholder pledges no share reduction, boosting investor confidence.
SAIC Motor Corp LtdSAIC Motor's pledge not to reduce its holdings signals confidence and supports the stock price.