China Automobile Co., Ltd. announced that the company's wholly-owned subsidiary Extreme Testing passed a public tender and determined that China Automobile Intelligent Manufacturing and Dalian Bingshan Group Engineering Co., Ltd. were the winning bidders for the integrated refrigeration process equipment design-procurement-installation project at the Hulunbuir Intelligent Connected New Energy Vehicle All-Season Ice and Snow Test Site, with a winning bid price of 274 million yuan. China Automobile Zhizao is a wholly-owned subsidiary of China Automobile Center, the controlling shareholder of the company. This transaction constitutes a related transaction. It has been reviewed and approved by a special meeting of the company's board of directors and independent directors. It is exempt from submission to the shareholders' meeting for review, and does not constitute a major asset restructuring.

China Automobile Co., Ltd. announced that the company's wholly-owned subsidiary Extreme Testing passed a public tender and determined that China Automobile Intelligent Manufacturing and Dalian Bingshan Group Engineering Co., Ltd. were the winning bidders for the integrated refrigeration process equipment design-procurement-installation project at the Hulunbuir Intelligent Connected New Energy Vehicle All-Season Ice and Snow Test Site, with a winning bid price of 274 million yuan. China Automobile Zhizao is a wholly-owned subsidiary of China Automobile Center, the controlling shareholder of the company. This transaction constitutes a related transaction. It has been reviewed and approved by a special meeting of the company's board of directors and independent directors. It is exempt from submission to the shareholders' meeting for review, and does not constitute a major asset restructuring.