Feifan Automobile's equity structure adjusted, SAIC Motor becomes the sole shareholder

Recently, Feifan Automotive Technology Co., Ltd. has undergone industrial and commercial changes. The original shareholder Shanghai Ruyuan Automotive Technology Partnership (Limited Partnership) has withdrawn and is now wholly owned by SAIC Group. At the same time, many key personnel of the company have also changed. Wang Xiaoqiu resigned as the legal representative and chairman, and was replaced by Wang Jun.