Auto announced plans to share issuance

Beijing time November 5 Evening News, Auto (NASDAQ:ATHM) announced today that the U.S. Eastern Time around November 5 to the U.S. Securities and Exchange Commission to submit a registration statement, proposed by the auto and specific stock sales shareholders, including Telstra Holdings Pty 2¥Q, publicly offering US depository shares (ADS). The total amount and timing of the ads shares will depend on market conditions.

The proposed increase will enhance the liquidity of the auto ads shares in the market. Among them, auto plans to sell 1650000 shares of ads, while sales shareholders will sell 6850000 shares of ads. Underwriters have the option of buying an additional 1275000 ads shares to auto and their shareholders within 30 days of the final prospectus date. Auto will not gain any proceeds from the sale of ads shares to sales shareholders. Ads per share represents Auto 1 shares of Class A common. (D-Gold)