Jianghuai Automobile: Plans to invest in Xiangwang Intelligent Technology Co., Ltd.

Anhui Automobile announced that the company plans to invest in Xiangwang Intelligent Technology Co., Ltd. The specific amount of investment, transaction method, and transaction price shall be subject to the final transaction document signed by both parties. If the transaction is completed, Xiangwang will become a subsidiary of the company, and the scope of consolidated financial statements of the company will not change. It is expected that this transaction will not constitute a related party transaction.