IDEAL AUTOMOBILES WILL HOLD ITS ANNUAL GENERAL MEETING IN BEIJING ON MAY 31, 2024, AT WHICH TIME ISSUES SUCH AS AUDIT REPORTS, DIRECTOR ELECTIONS AND DIRECTOR REMUNERATION WILL BE DISCUSSED. The Company has issued Proxy Forms to Class A and Class B ordinary shareholders to collect proxy votes. Shareholders must be listed on the Register of Shareholders by 26 April 2024 and have the right to receive notices, attend general meetings and vote. Class A ordinary shares have one vote per share and Class B ordinary shares have ten voting rights per share. The proxy form must be submitted by 29 May 2024 in order to ensure that shareholders can exercise their voting rights through representatives.

IDEAL AUTOMOBILES WILL HOLD ITS ANNUAL GENERAL MEETING IN BEIJING ON MAY 31, 2024, AT WHICH TIME ISSUES SUCH AS AUDIT REPORTS, DIRECTOR ELECTIONS AND DIRECTOR REMUNERATION WILL BE DISCUSSED. The Company has issued Proxy Forms to Class A and Class B ordinary shareholders to collect proxy votes. Shareholders must be listed on the Register of Shareholders by 26 April 2024 and have the right to receive notices, attend general meetings and vote. Class A ordinary shares have one vote per share and Class B ordinary shares have ten voting rights per share. The proxy form must be submitted by 29 May 2024 in order to ensure that shareholders can exercise their voting rights through representatives.