JAC Motors addresses inquiry on targeted stock issuance

Anhui Jianghuai Automobile Group Corp (JAC Motors) is proceeding with its targeted stock issuance plan, earmarked for the "High-end Intelligent Electric Platform Development Project," after responding to an inquiry from the Shanghai Stock Exchange (SSE). The proposed 587.459 million yuan project, using 490 million yuan from the stock issuance, will focus on research and development for a new generation of high-end intelligent electric vehicle platforms.