SAIC Motor to cancel repurchased shares and revise governance

** SAIC Motor Corp has announced a plan to cancel 80,021,941 A shares, which were previously repurchased, reducing its registered capital accordingly. This action, approved at the eighth session of the board on May 30, aims to improve the company's quality and investment value, supporting the "SAIC Motor Corp 2025 Valuation Enhancement Plan." Following the cancellation, the total share capital will decrease from 11,575,299,445 to 11,495,277,504 shares, and the registered capital will be reduced by an equivalent amount of CNY80,021,941. This change will require amendments to the company's Articles of Association, subject to shareholder approval at an upcoming general meeting.