HUACHEN CHINA AUTOMOBILE HOLDINGS LIMITED (“HUACHEN CHINA”) WILL HOLD A BOARD MEETING ON MONDAY, APRIL 15, 2024 AT THE CHATTAR BUILDING ON CENTRAL CONNAUGHT ROAD, HONG KONG. The main agenda of the meeting is to consider and approve the declaration and payment of a special dividend to shareholders. Specific details of the Special Dividend will be made available by prior announcement upon approval at the Board Meeting. The Company reminds shareholders and potential investors that caution should be exercised when trading the Company's securities as the declaration of a special dividend does not have to be approved by the Board of Directors. THE BOARD MEMBERS OF HUA CHEN CHINA COMPRISE THREE EXECUTIVE DIRECTORS AND FOUR INDEPENDENT NON-EXECUTIVE DIRECTORS.

HUACHEN CHINA AUTOMOBILE HOLDINGS LIMITED (“HUACHEN CHINA”) WILL HOLD A BOARD MEETING ON MONDAY, APRIL 15, 2024 AT THE CHATTAR BUILDING ON CENTRAL CONNAUGHT ROAD, HONG KONG. The main agenda of the meeting is to consider and approve the declaration and payment of a special dividend to shareholders. Specific details of the Special Dividend will be made available by prior announcement upon approval at the Board Meeting. The Company reminds shareholders and potential investors that caution should be exercised when trading the Company's securities as the declaration of a special dividend does not have to be approved by the Board of Directors. THE BOARD MEMBERS OF HUA CHEN CHINA COMPRISE THREE EXECUTIVE DIRECTORS AND FOUR INDEPENDENT NON-EXECUTIVE DIRECTORS.