China Automobile Research: Restrictive Stock Incentive Plan Unlocked and Asset Impairment Provision for 2025 Approved

China Automotive Research announced that the second meeting of the sixth Board of Directors reviewed multiple proposals. With 8 votes in favor, the resolution to partially unlock the second unlock period of the restricted stock incentive plan was approved, allowing for the unlocking of 235,950 shares of restricted stock held by 5 incentive recipients. The second restriction period will be from September 21, 2025 to September 20, 2026. In addition, with 9 votes in favor, the proposal to make a single provision for impairment of assets in the 2025 fiscal year was approved. This will help to accurately assess and provide for the company's situation.