Taotao Automobile: Intends to apply for initial public offering of H shares and list on the main board of the Hong Kong Stock Exchange.

Taotao Car Industry announced that, in order to promote its global strategic layout, enhance its international brand influence, strengthen its overseas financing capabilities, and create an international capital operation platform, the company has approved a proposal to apply for the initial public offering of H shares and list on the main board of the Hong Kong Stock Exchange. This matter still needs to be submitted to the company's shareholder meeting for approval and requires approval, ratification or filing from relevant government and regulatory agencies. The company will fully consider the interests of existing shareholders and the situation of domestic and foreign capital markets, and will choose an appropriate timing and issuance window to complete the H-share IPO. The approval, filing and review process, as well as the final implementation of this matter, have uncertainties.