China Automotive Shareholding Co., Ltd.: Application for the issuance of convertible bonds to unspecified parties has been approved by the China Securities Regulatory Commission.

China Automotive Group announced that the company recently received approval from the China Securities Regulatory Commission to issue convertible corporate bonds to unspecified parties by SinoAuto Research Automobile Testing Field Co., Ltd. The approval allows the company to proceed with the registration application. The approval is valid for 12 months from the date of registration approval, and the issuance should be implemented in accordance with the application documents submitted to the Shenzhen Stock Exchange and the issuance plan. The board of directors will handle relevant matters within the specified period and disclose information in a timely manner.