Zhongqi Corporation: Intends to use no more than 750 million yuan of idle proceeds from fundraising for cash management.

China National Automotive Stock Co., Ltd. announced that the company's raised investment project, the "Intelligent Internet-connected New Energy Vehicle All-Season Ice and Snow Test Base Construction Project," is currently under construction, with some of the raised funds temporarily unused at this stage. On July 9, 2026, the fourth meeting of the third Board of Directors of the company agreed to use up to 750 million yuan of idle raised funds for cash management, with a term of 12 months and the funds being able to be used in a rolling manner. The company will purchase low-risk and highly liquid guaranteed financial products to ensure that it does not affect the investment project and normal operations. The recommending institution has no objections to this.