Great Wall Motor plans to apply for the registration and issuance of short-term financing bonds and ultra-short-term financing bonds not exceeding RMB 6 billion in the interbank market dealers association of Bank of China, in order to optimize the debt structure and supplement the working capital. The plan has been approved by the 25th meeting of the eighth board of directors of the company, pending approval by the shareholders' meeting and acceptance by the association. The timing of the issuance will be determined based on the actual operation of the company and market conditions, with the funds raised being used for working capital and interest-bearing debt repayment. This financing will help enhance the company's liquidity management capabilities, meet the strategic development funding needs, and not harm the interests of small and medium shareholders.

Great Wall Motor plans to apply for the registration and issuance of short-term financing bonds and ultra-short-term financing bonds not exceeding RMB 6 billion in the interbank market dealers association of Bank of China, in order to optimize the debt structure and supplement the working capital. The plan has been approved by the 25th meeting of the eighth board of directors of the company, pending approval by the shareholders' meeting and acceptance by the association. The timing of the issuance will be determined based on the actual operation of the company and market conditions, with the funds raised being used for working capital and interest-bearing debt repayment. This financing will help enhance the company's liquidity management capabilities, meet the strategic development funding needs, and not harm the interests of small and medium shareholders.