The GAC Group announced that it plans to purchase 50% of FAW Toyota Motor Co., Ltd.'s shares held by China First Automobile Co., Ltd. through the issuance of shares, and issue shares to raise supporting capital. The issuance target is no more than 35 specific eligible targets. This transaction constitutes a related transaction and major asset restructuring; it does not constitute a restructuring and listing; the audit and evaluation of the underlying assets has not yet been completed, and the transaction price has not yet been determined.

The GAC Group announced that it plans to purchase 50% of FAW Toyota Motor Co., Ltd.'s shares held by China First Automobile Co., Ltd. through the issuance of shares, and issue shares to raise supporting capital. The issuance target is no more than 35 specific eligible targets. This transaction constitutes a related transaction and major asset restructuring; it does not constitute a restructuring and listing; the audit and evaluation of the underlying assets has not yet been completed, and the transaction price has not yet been determined.