GAC Group: GAC Motor receives 100 million yuan in funding for the development of industrial digitalization-enabled capabilities.

Guangzhou Automobile Group announced that its wholly-owned subsidiary, GAC Motor Co., Ltd., recently received 100 million RMB in development funds for industrial digitization empowerment. The company confirms that the type and income related to the funds received by the subsidiary are specific and the accounting treatment and the impact on the company's profits and losses will depend on the results confirmed by the annual audit of the accounting firm. Investors are advised to pay attention to investment risks.