Dongfeng Group Co., Ltd. (“Dongfeng Group”) issued a profit warning on March 8, 2024. It expects a net profit loss of no more than USD 40 billion in 2023. This warning is based on a preliminary assessment of the most recent unaudited consolidated management accounts for the 12 months ended December 31, 2023. Dongfeng Group noted that the decline in results was mainly due to the compression of the joint venture non-luxury brand market space, falling product prices, and continued investment in new energy businesses, R&D and brand building. The Board of Directors reminds shareholders and potential investors to exercise caution when trading shares and will provide more details when the 2023 Annual Results are announced.

Dongfeng Group Co., Ltd. (“Dongfeng Group”) issued a profit warning on March 8, 2024. It expects a net profit loss of no more than USD 40 billion in 2023. This warning is based on a preliminary assessment of the most recent unaudited consolidated management accounts for the 12 months ended December 31, 2023. Dongfeng Group noted that the decline in results was mainly due to the compression of the joint venture non-luxury brand market space, falling product prices, and continued investment in new energy businesses, R&D and brand building. The Board of Directors reminds shareholders and potential investors to exercise caution when trading shares and will provide more details when the 2023 Annual Results are announced.