Guangzhou Automobile Group faced unprecedented challenges in the first half of 2024, striving to enhance market competitiveness and achieve automobile sales exceeding 0.86 million vehicles, with independent brand automobiles accounting for approximately 36.5%. The group achieved sales revenue of approximately RMB 181.142 billion, R&D investment of approximately RMB 3.251 billion, and 1,656 new patent applications. In the international market, the group's overseas business now covers 68 countries and regions, with overseas automobile sales reaching around 0.068 million vehicles, an increase of about 190%. The group has made progress in the new energy field and is expected to install fully solid-state power batteries in vehicles by 2026. Asia Vets L2++ city NDA function has been implemented, and L3 automated driving road test pilots have begun. In addition, the group is promoting mixed ownership reform in invested enterprises, with Qeeqee Travel successfully listed on the Main Board of the Hong Kong Stock Exchange. The board of directors recommends distributing a mid-term dividend of RMB 0.3 per 10 shares in cash, tax included, to all shareholders.

Guangzhou Automobile Group faced unprecedented challenges in the first half of 2024, striving to enhance market competitiveness and achieve automobile sales exceeding 0.86 million vehicles, with independent brand automobiles accounting for approximately 36.5%. The group achieved sales revenue of approximately RMB 181.142 billion, R&D investment of approximately RMB 3.251 billion, and 1,656 new patent applications. In the international market, the group's overseas business now covers 68 countries and regions, with overseas automobile sales reaching around 0.068 million vehicles, an increase of about 190%. The group has made progress in the new energy field and is expected to install fully solid-state power batteries in vehicles by 2026. Asia Vets L2++ city NDA function has been implemented, and L3 automated driving road test pilots have begun. In addition, the group is promoting mixed ownership reform in invested enterprises, with Qeeqee Travel successfully listed on the Main Board of the Hong Kong Stock Exchange. The board of directors recommends distributing a mid-term dividend of RMB 0.3 per 10 shares in cash, tax included, to all shareholders.