VALA (02051) delivered 564 cars in the first quarter, setting a new quarterly delivery record.

VALA (02051) announced that during the first quarter of 2026, the group delivered a total of 564 Vala cars to ordering customers, setting a new record for quarterly deliveries. In addition to individual and corporate customers, the group also received car orders from state-owned enterprises in the cultural tourism sector under local governments in places such as Maojian District, Shiyan City, Hubei Province, and Wuxing District, Huzhou City, Zhejiang Province. This has helped promote the implementation of regional tourism travel scenes. This progress in business confirms the wider market acceptance of Vala cars. The group will continue to expand its cultural tourism travel business, deepen cooperation with local governments, and lay the foundation for the scale development of tourism scenes and market share improvement. The group pioneered a "co-creation people" model for car sales, focusing on selecting high-quality Vala car owners who are enthusiastic about the Vala lifestyle and willing to share, to join the Vala co-creation team, establishing a word-of-mouth communication and sales network covering Wuxi Online Offline Communication Information Technology Co., Ltd. As of March 31, 2026, the group has successfully recruited 584 co-creation people, who promote and sell Vala cars through their personal experiences and social media influence. With more co-creation people joining and the number of deliveries increasing, the mobile store model of Vala has begun to take shape. This has allowed the Vala brand to be showcased to more potential customers who aspire to the Vala lifestyle. In addition, the group has collaborated with a mature national dealer system of the cooperating factories, selecting high-quality dealers that fit the Vala brand style, to rapidly expand the national sales network and reach a wider range of potential customers without the need for investing heavily in building stores. As the co-creation people system continues to expand, in order to meet the diverse experience demands of potential customers for Vala cars, the group has not only relied on the mobile store experience centers formed by co-creation people but also further expanded owned Vala stores. Vala stores focus on "full-scene user experience" and integrate various formats such as Vala car displays, car life products, and offline interactions of car owner communities. As of March 31, 2026, the group has opened 7 Vala stores in cities such as Hangzhou, Changsha, Qingdao, Wuhan, Chengdu, Guangzhou, and Zhengzhou. Contracts have also been signed with owners in several other potential cities for future store openings. These stores aim to provide Vala car owners and potential customers with a one-stop high-quality experience space that meets their needs for viewing, selecting, using, playing, socializing, and discussing cars, building a brand ecosystem that combines utility with emotional connections. The group has launched a WeChat mini program called "Valalife" for Vala car sales, offering a variety of ordering and partnership options. As of March 31, 2026, the Valalife mini program has attracted approximately 136,000 registered users. Moreover, with unique spatial design and car lifestyle, Vala cars have gained widespread attention and sparked enthusiastic responses on social media platforms. As of March 31, 2026, the total number of followers of Vala cars on various social platforms has reached approximately 3.5 million, and the cumulative views of related videos exceed 1 billion. The Vala car models launched by the group are the first domestically produced high-roof new energy multi-functional vehicles, creatively combining tent-style sloping roof structure, Lego-style modular design, and high-quality entertainment systems as core elements. The group aims to become a "pioneer of Chinese electric car life" and is committed to transforming cars from simple means of transportation into movable third living spaces, creating new scenes where cities seamlessly connect with nature. As a "versatile big electric car," Vala cars can flexibly switch according to the needs of the car owner: they can serve as a platform for various outdoor activities such as camping, office meetings, business conferences, family entertainment, dining, resting, gatherings with friends, watching movies, karaoke, outdoor travel, and marketplace shops, enabling the car owner to enjoy a comfortable, convenient, and personalized multi-functional space, opening up endless possibilities for urban lifestyle extensions. They can also be used as production tools, transformed into mobile shops, coffee carts, beauty cabins, marketplace shops, and other diverse commercial forms, effectively expanding the car owner's operating scenes and service capabilities, and becoming an innovative tool that empowers mobile business activities.