Heizhima Intelligent: It is expected to have a net loss of no more than 800 million yuan in the first half of the year.

Black Sesame Intelligence Announcement: According to the preliminary assessment by the board of directors of the Group for the six months ending on June 30, 2025, although the Group is expected to generate revenue exceeding RMB 250 million during this period, an increase of over 38% compared to the same period in 2024, the Group expects to incur a net loss not exceeding RMB 800 million during this period. This is mainly attributable to stock-based compensation expenses of not less than RMB 200 million incurred due to rewards granted to employees of the Group; efforts and expenses incurred in the research and development of high-level automated driving and solutions; and a decrease in fair value gains of financial instruments issued to investors, as preference shares have been converted to ordinary shares after the listing of the company's shares on the Hong Kong Stock Exchange.