Beiqi Blue Valley: The application for issuing stocks to specific entities has been accepted.

Beijing Automotive Blue Valley Announcement: On July 11, 2025, the company received a notice from the Shanghai Stock Exchange regarding the acceptance of the application for the issuance of securities by Beijing Automotive Blue Valley New Energy Technology Co., Ltd. as a listed company on the Shanghai Main Board. The Shanghai Stock Exchange has reviewed the prospectus and related application documents submitted by the company, and has decided to accept them for review in accordance with the law. The issuance of shares to specific investors in this round still requires approval from the Shanghai Stock Exchange and the decision to register by the China Securities Regulatory Commission before it can be implemented.