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Q: What is the Company's development strategy?

A: SAIC Motor will firmly grasp the overall direction of market development, technological progress and industry transformation. The Company will focus on the strategic goals set in the "14th Five-Years Plan", with the main focus on promoting the implementation of "Three-year Action Plan for the Development of NEVs" accurately identifying changes, scientifically responding to and actively seeking changes, accelerating innovation and transformation in the products, marketing and organization.

On the product side, the Company will focus on user experience and demand scenarios, innovate product concept and precisely define products. The Company will fully leverage industry-leading technology advantages such as DMH super hybrid, "central computing + zone control," "Galaxy" full stack 3.0 intelligent vehicle solution, and VMC technology to create a more competitive intelligent driving and cabin experience. The Company achieves rapid product iteration and upgrades by improving the ability of "software-defined vehicles".

On the marketing side, under the background of runoff economy, the Company will innovate communication methods, output high-quality communication content, and accelerate the formation of closed-loop data traffic management. The Company will use new media to better target users, attract and gather attention, and improve sales conversion efficiency.

On the organization side, the Company will focus closely on the new trend of market competition, integrate product and marketing, link product development with market performance, establish appropriate incentive and constraint mechanisms, and achieve closed-loop management of the entire product life cycle. At the same time, the Company will continue to reduce its internal hierarchy, speed up its response to the market, provide timely user feedback to product development department, and improve the user experience.

Q: What's the company's Business plan in 2024?

A: In 2024, SAIC Motor will adhere to the work keynote of "seeking for improvement on a steady basis and prioritizing progress" and balance "quality and quantity, stability and progress, and building and discarding". The Company will focus on the "Three-year Action Plan for the Development of NEVs", with greater efforts to expand the market, transform marketing, improve quality and efficiency to achieve effective performance improvement and reasonable sales volume growth. At the same time, the Company will focus on "building world-class demonstration enterprises" and "deepening and upgrading the reform of state-owned enterprises", with greater efforts to promote reform and innovation, implement key tasks such as organizational reform, process optimization and project breakthroughs, continuously enhance core competitiveness among new areas, and better stimulate the vitality of the Company.

1.The vehicle segment will focus on "Three-year Action Plan for the Development of NEVs". The segment will focus on real user experience, enhance the comprehensive competitiveness of products, actively promote marketing system reform, seize market structural opportunities, and ensure the achievement of annual business targets.

2.The auto parts segment will focus on the development trend of electric intelligent connectivity, accelerate the transformation and upgrading of business and products, and enhance modular and systematic capabilities through resource integration, seizing the commanding heights of the industrial chain and supply chains.

3.The mobility and services segment will continue to leverage its resource synergy advantages, fully ensure the smooth operation of logistics, and expand new businesses related to user travel, auto services, and other scenarios, further improving service experience and business quality.

4.The finance sector will further integrate resources and innovate services, fully support domestic vehicle sales and overseas market development, and, in combination with market and policy changes, optimize business layout, strengthen financial empowerment and promote value realization.

5.The overseas business segment will take the 100th anniversary of the birth of the MG brand as an opportunity to launch new products, promote the export of IM Motors' products, and further develop the system coordination of "production, sales and transportation". The segment will focus on cultivating key regional markets, accelerate the development of new overseas markets, and continuously improve its contribution level.

6.The innovative technology segment will coordinate and gather innovative technology resources, focus on "software-defined vehicles", promote the joint development of "algorithms + software + chips", and accelerate the application of new technologies such as AI Foundation Models in vehicles. The segment will deepen the forward-looking technology layout and promote the industrial application of next-generation power battery technology.

Q: What are policies of cash dividend distribution of the Company in 2023?

A: The Company plans to distribute cash dividends of RMB 3.69 (inclusive of tax) per 10 shares, amounting to RMB 4,232,229,228.58 in total based on 11,469,455,904 shares, that is, the total shares of 11,575,299,445 net of the number of shares (105,843,541 shares) on the special securities account for repurchase as of the disclosure date of the annual report. No capital reserve was converted into share capital. During the period from the disclosure date of the annual report to the registration date of the equity allocation, if there is any change in the number of shares to which the Company is entitled due to situations such as the repurchase of shares, the total amount of profit distribution is maintained unchanged and the amount allocated per share is adjusted accordingly. The above profit distribution plan will be implemented after approval of the general meeting of shareholders.