SAIC MOTOR

A: During the "15th Five-Year Plan" period, the Company will adhere to a user-centric business philosophy, continuously advance innovation and transformation, and accelerate the cultivation of new quality productive forces. Guided by the objective of enhancing quality and efficiency, the Company will persistently improve operational performance, strengthen core competitiveness, and build a world-class enterprise, creating a new landscape characterized by a stronger core business, more optimized layout, faster responsiveness, and greater driving force. This will lead to a "new SAIC" that is appealing to the younger generation—a company distinguished by product appeal, technological strength, and institutional vitality.

Business Objective: Maintain a leading position at the forefront of the automotive industry, while achieving financial health and sustainable development.

Brand Development: The Company aims to drive its premium brands into the top tier of intelligent electric vehicles and expand the domestic market foundation of its self-owned brands, maintaining and gradually increasing domestic market share while steadily enhancing brand premium capabilities. Besides, the Company strengthens coordinated development of overseas brands, establishing MG as a globally influential and competitive mainstream brand. In addition, the Company continuously promotes strategic brand coordination, forming a powerful brand matrix characterized by "premium breakthroughs, mainstream stability, and global synergy".

Green & Low-Carbon: The Company continuously increases the penetration of pure electric and hybrid models, accelerates the rollout of fuel cell products, and explores initial V2G applications. By establishing a full-chain collaborative carbon-reduction mechanism, the Company promotes a green circular economy covering the entire process from material production to recycling of scraped materials. Meanwhile, the Company optimizes the energy mix by raising the share of green electricity, strengthens energy consumption management to reduce unit energy consumption intensity, and lowers energy costs through energy storage, arrangements, etc. By accelerating the green and low-carbon transition, the Company embraces the wave of "carbon neutrality".

AI Empowerment: At the "AI + Product" level, the Company develops the OneChip technical architecture to rapidly apply AI technology in both cloud and vehicle, propelling intelligent cabins from "functional carriers" to "continuously evolving intelligent agents". The Company aims for L3 and above-level intelligent driving passenger vehicles to account for over 30% of total vehicles by 2030, while achieving batch commercial operation for L4 autonomous driving. At the "AI + Business" level, the Company develops composable application agents to deeply integrate AI into business processes. Meanwhile, the Company explores applications of embodied intelligence in production environment, and seeks for pilot application.

Global Operations: The Company drives high-level globalization, deepens its ESG system, and advances the transformation from a "Chinese enterprise" to a "global enterprise". In technology and product globalization, the Company builds a worldwide technological innovation network centered on Chinese technology, with profitability as the primary goal, and continuously improves its overseas product portfolio. In supply chain and manufacturing localization, the Company establishes overseas R&D centers, production bases, and service systems, achieving localized deployment of key supply chains and deep integration into major global markets. In brand and ecosystem globalization, the Company deploys mobility, finance, used vehicle, and other services in key overseas markets.

Technological Innovation: The Company establishes an independent, controllable, and globally competitive R&D system and technical standards, forming a robust foundational technology management framework. The Company aims to develop competitive technological strengths in areas such as all-solid batteries, hybrid powertrain technology, critical raw material system, full-stack software ecosystem, intelligent chassis, and hydrogen fuel cells. The Company reinforces its intellectual property portfolio, and increases patent filings. In addition, the Company strengthens its voice in technical standard-setting, enhancing its influence in the development of both domestic and international technical standards.

Industrial System: The Company focuses on securing strategic resources across the industry chain, providing dual assurance of "independence & control + risk isolation". Through optimizing industry chain layout and enhancing coordination mechanisms, the Company mitigates external shocks and improves system resilience. Meanwhile, the Company advances the adoption of domestic chips and industrial software, building a secure, resilient and efficient modern industry chain.

Organization and Talent: In enhancing organizational efficiency, the Company deepens the development of its "three may mechanism" (i.e. based on performance, managers may be promoted or demoted, employees may be hired or dismissed and compensation may be increased or decreased), refines the organizational structure and workforce size to align with its development strategy, strengthens the incentive and restraint system, and reinforces performance-oriented management. In talent pipeline development, the Company intensifies the cultivation and selection of young management personnel; focuses on key areas to recruit more leading talents and high-level overseas professionals; deepens industry-academy-research collaboration mechanism for targeted training of scarce specialists and technical experts; recruits a large number of outstanding fresh graduates to broaden the foundation and strengthen the talent pool; and explores new models for developing high-skilled talent.

A: According to projections by the China Association of Automobile Manufacturers, the sales volume of China's automotive industry is expected to reach approximately 34.75 million vehicles in 2026, a year-on-year growth of 1%. The Company will adhere to the overall principle of "seeking progress while maintaining stability", and deeply advance all tasks of comprehensive reform. While continuing to expand the domestic market foundation, the Company will actively develop overseas "growth poles" to seize structural market opportunities, thereby fully consolidating the accelerating momentum of business recovery. The Company will further optimize resource allocation and business synergy, strengthen and expand new quality productive forces, continuously enhance core competitiveness, and accelerate to build new development advantages. The Company aims to achieve annual sales of 5 million vehicles, total revenue of over RMB 700 billion, and cost of sales of around RMB 630 billion, striving to secure a robust launch of the "15th Five-Year Plan".

1. The Company will leverage the leading role of the vehicle segment to accelerate the enhancement of five key capabilities: user insight, technological innovation, brand building, product launch, and global operations. Focusing on target users and competitor benchmarking, the Company aims to highlight its technological strengths and accelerate iteration and upgrades to strive for simultaneous growth in volume and quality. The Company will continue refining its deployment for overseas operations, deepen ESG system development, and continuously optimize its overseas product portfolio to better meet the diverse needs of consumers in different countries.

2. The Company will strengthen business synergy in the parts and components segment to accelerate the mass-production and application of new technologies such as solid battery, intelligent chassis, and intelligent cabin. Meanwhile, the Company will explore an integrated collaborative development model covering styling design, engineering development, and manufacturing delivery, thereby further reducing overall costs and improving development efficiency.

3. The Company will enhance service support for the mobility and service segment. Focusing on overseas operations, the Company will further strengthen end-to-end logistics capability building. Besides, the Company will actively explore new marketing models for the sales and service business, accelerating the shift from scale expansion to efficiency improvement. For the mobility service business, the Company will expedite the scaled deployment of Robotaxi projects.

4. For the finance segment, the Company will deepen "industry-finance integration". By actively exploring business model innovation and digital-intelligent empowerment, unlocking new growth opportunities, and strengthening strategic direct investments, the Company will strive to achieve an ecosystem of industry-investment synergy. In addition, the Company will orderly advance the construction of the treasury and captive insurance company to enhance risk warning and prevention capabilities.

5. For the innovation segment, the Company will focus on improving corporate operating performance, continue advancing key technology breakthroughs and industrialization, and strengthen forward-looking technology deployment. Besides, the Company will further enhance risk control to promote the healthy development of the business.

A: On the basis of the total share capital of 11,495,277,504 shares minus 70,388,293 shares in the Company's special account for share repurchase as at the disclosure date of this report, that is, 11,424,889,211 shares, the Company plans to distribute cash dividends of RMB 2.66 (inclusive of tax) per 10 shares, totaling RMB 3,039,020,530.13. No capital reserve was converted into share capital. If, during the period between the disclosure date of this report and the registration date of the equity allocation, the number of shares on the basis of which the Company is entitled to distribute profits changes due to situations such as share repurchase, the total amount of the profit distribution remains unchanged and the proportion allocated per share is adjusted accordingly. The above profit distribution plan will be implemented after approval of the general meeting of shareholders.