= Qijing Automobile Company has officially changed its name

On March 24th, Huawang Automotive Technology Co., Ltd. completed its business registration change and officially changed its name to Qijing Intelligent Automobile Technology Co., Ltd., aligning with the Qijing brand name. Qijing Automobile is a new brand jointly created by Huawei Qiankun and Guangzhou Automobile Group. On March 17th, the brand was officially announced to the public along with its debut model, Qijing GT7. This renaming marks Qijing's transition from the preparation stage to full market operation. Qijing GT7, the first model of Qijing Automobile, is positioned as a new generation of intelligent power equipment, focusing on the "three million-level" value experience, and will be launched for delivery in June this year. In the next three years, Qijing will launch a multi-category vehicle matrix.