China Evergrande Announcement: As of the date of this announcement, the potential seller has decided to terminate all discussions with the potential buyer regarding the potential transaction and has decided not to proceed with the potential transaction. No purchase and sale agreement has been entered into regarding the potential transaction.

The potential seller is continuing to seek out potential buyers and explore feasible opportunities to sell its shares in the New Energy Vehicle Group; however, as of the date of this announcement, no agreements, arrangements, or understandings have been reached with any potential buyers, nor have any concrete opportunities been identified.

It is currently uncertain whether any viable opportunities can be realized, nor can it be determined what structure or form will be adopted if such opportunities can be realized. The Company will issue separate announcements in accordance with the listing rules at the appropriate time.