Ideal Cars announced on April 1, 2024 that it will revise its performance targets for 45,613,050 restricted share units granted under its 2019 and 2020 Share Incentive Plans. This move aims to increase the procurators' positivity and creativity and enhance the company's competitiveness. The new performance targets will take effect from 31 March 2024 and will include performance assessment results, compliance with the internal regulatory system and contract performance. The company has established a standardized performance appraisal system to comprehensively evaluate the performance of contractors. Based on the evaluation results, unsubscribed restricted units will be forfeited and the assignment date may be postponed based on the results of the grantor's performance appraisal. The amendment has been approved by the Board of Directors and the Board's Remuneration Committee.

Ideal Cars announced on April 1, 2024 that it will revise its performance targets for 45,613,050 restricted share units granted under its 2019 and 2020 Share Incentive Plans. This move aims to increase the procurators' positivity and creativity and enhance the company's competitiveness. The new performance targets will take effect from 31 March 2024 and will include performance assessment results, compliance with the internal regulatory system and contract performance. The company has established a standardized performance appraisal system to comprehensively evaluate the performance of contractors. Based on the evaluation results, unsubscribed restricted units will be forfeited and the assignment date may be postponed based on the results of the grantor's performance appraisal. The amendment has been approved by the Board of Directors and the Board's Remuneration Committee.