Changan Automobile announced that China Changan, the indirect controlling shareholder of the company, plans to provide the company with an entrustment loan of 900 million yuan through the Industrial and Commercial Bank of China for projects such as the “Capacity Building for the National Key Laboratory of Smart Vehicle Safety Technology”, for a period of 24 months. The loan interest rate is determined by the pricing benchmark and the spread is reduced by 81 basis points. The bill was reviewed and passed by the board of directors, and the relevant directors avoided voting. This transaction constitutes a related transaction, does not constitute a major asset restructuring, conforms to market principles, and will provide financial support for the construction and operation of the company's projects.

Changan Automobile announced that China Changan, the indirect controlling shareholder of the company, plans to provide the company with an entrustment loan of 900 million yuan through the Industrial and Commercial Bank of China for projects such as the “Capacity Building for the National Key Laboratory of Smart Vehicle Safety Technology”, for a period of 24 months. The loan interest rate is determined by the pricing benchmark and the spread is reduced by 81 basis points. The bill was reviewed and passed by the board of directors, and the relevant directors avoided voting. This transaction constitutes a related transaction, does not constitute a major asset restructuring, conforms to market principles, and will provide financial support for the construction and operation of the company's projects.