SAIC MOTOR

A: The Company has formulated and implemented the SAIC Work Plan for Comprehensive Deepening Reform (2024-2027), focusing on the vehicle business to optimize the business structure and promote the breakthrough of self-owned brands. The purposes of the work plan include: clarifying the business types to streamline non-core businesses, integrate internal resources, and implement downsizing and strengthening; as well as promoting core technology research and development and optimizing the industrial ecosystem to consolidate international operations and enhance development levels. The document also requires strengthening the synergy of businesses such as parts and components, mobility and services, finance and others, stabilizing the value added to products, and assisting in the overall transformation. The ultimate purpose is to achieve the annual reform work goals of "bottoming out, stabilizing, recovering, and accelerating". The Company plans to achieve the following by 2027:

Vehicle sales: Industry-leading global vehicle sales; a sales share of no less than 70% in the domestic market, a sales share of no less than 60% for self-owned brands, and a sales share of no less than 60% for intelligent electric products.

Technological innovation: The technological system further improved, by maintaining the proportion of R&D investmentin revenue at around 3% annually(over RMB 20 billion), with independent possession of core technologies for electrification and intelligence; and transfer of advanced technologies in intelligent electric vehicles to joint ventures.

Global layout: 3,000 overseas outlets established, one 300,000-vehicle market and four 100,000-vehicle markets created, and product marketing in more than 120 overseas countries and regions.

Brand building: Self-owned brands of SAIC built into leaders of domestic intelligent vehicles and world-class Chinese automobile brands.

Green transformation: Continued decrease in total carbon emissions and carbon emission intensity of the Company compared with 2021(the beginning year of the 14th Five-Year Plan); and the main role of the automotive industry chain fully played to build a green and low-carbon supply chain.

Others include comprehensively improved operation quality, and leading competitive edges maintained in areas such as operational efficiency, quality assurance, cost control, and risk prevention.

A: In 2025, the Company will adhere to the general working principle of "steadily advancing while maintaining stability", and further promote comprehensive reform which is expected to boost development and to stabilize the progress. For market development, the Company will pursue "improvement while advancing" by dynamically responding to market changes and actively seizing market opportunities, with more powerful measures adopted to promote the "simultaneous increase in quantity and quality" of economic operation. Reform and innovation will be intensified to secure "proactiveness and advancement", focusing on the construction of core competitiveness, institutional reform, as well as downsizing and strengthening to consolidate the foundation, and make new progress and breakthroughs in the main battlefields at home and in the new track of intelligent electric vehicles. The annual vehicle sales will exceed 4.5 million, with the operating revenue exceeding RMB 674 billion and the operating cost kept at around RMB 600 billion. All annual targets will be fully accomplished, laying a solid foundation for the start of the "15th Five-Year Plan".

In terms of business quality improvement, the "SAICSelf-Owned-brand Passenger Vehicle Segment" plans to launch 10 new large modified models in 2025. Among them, 8 are new energy vehicles. By learning from and drawing on the experience of leading consumer electronics companies in areas of research and development, operation, and marketing, the Company aims to enhance product competitiveness, user experience, and channel coverage. The aim is to achieve annual vehicle sales of over 1 million, with a year-on-year growth of more than 40%, and significantly improve the profit level. IM Motors will also continue to lead with innovative technologies. Taking the launch of the new large-sized extended-range-electric SUV as an opportunity, it will expand its scale and enhance its publicity efforts, aiming to achieve a 50% increase in annual sales. Meanwhile, the Company will strengthen the empowerment of its own advanced technologies and the sharing of shareholders' advantages to promote the implementation and effectiveness of the "new joint venture" model and achieve the annual goal of maintaining stable sales volume, market share and profitability for the joint venture business. By 2025, the Company aims to achieve sales of over 2.9 million vehicles for self-owned brands, with a year-on-year growth rate of more than 20% and a share of over 60% in total sales.

To improve innovation efficiency, the Company will focus on moving the definition of products from "engineer's thinking" to "user's thinking", opening up product and marketing links and achieving interlocking. While maintaining an annual R&D investment of over RMB 20 billion, the Company will further enhance the efficiency of R&D achievements commercialization. Based on the "5S" user experience elements of Styling, Smart, Safety, Sustainability and Satisfaction, a cost-competitive core value system for products will be constructed. And starting from enhancing the user's experience value, the Company will achieve the mass production and implementation of independent core technologies such as new-generation solid batteries, central coordinated vehicle motion control platform (VMC) 2.0, line control steering, and "Galaxy" intelligent vehicle full-stack 3.0. More innovative achievements that are "first created, launched and applied" by the Company will be launched, aiming to create unique selling points for vehicle products and further enhance the differentiated competitive advantages in the field of intelligent connected new energy vehicles.

In terms of strengthening the enterprise through reform, the Company will, in accordance with the comprehensive deepening reform plan, accelerate the "Lose weight and keep fit" process, further gather resources and focus on the main business. The organizational operation process will be continuously optimized through measures such as cutting management levels, streamlining the organizational structure, deepening the empowerment of AI digital tools, and strengthening the daily assessment of efficiency indicators. The scale effect of the Company will be leveraged to optimize the procurement strategy and improve the cost competitiveness. The Company will also strengthen the joint construction and sharing of technical resources, vehicle platforms and overseas channels to further improve the comprehensive competitiveness of brands and products. By promoting "vehicle-component integration", the Company will focus on the core technology of electric intelligent connectivity, and build system integration capabilities to further improve the capability of component enterprises. The Company will also deeply explore "industry-finance integration". The integration of industry and investment will be deepened by "making and utilizing investments properly" to strengthen the collaborative empowerment of industrial and financial investments on the innovation of the vehicle business. By enhancing business synergy between segments, the Company aims to make the existing resources more effective and better serve the development of the vehicle business as the main operation.

A: During the reporting period, the Company implemented and completed profit distribution for 2023 strictly in accordance with the Articles of Association and the Planning of SAIC Motor Corporation Limited on the Returns for Shareholders for the Following Three Years (2024-2026). The Company developed explicit and clear dividends criteria and proportions and prepared complete and compliant related decision-making procedures and mechanisms so as to provide the minority shareholders adequate opportunities to express their views and demands on relevant matters, adequately protecting the legitimate rights and interests of investors.

At the 28th meeting of the 8th Board of Directors on 28 April 2025, the Company approved the cash dividends distribution plan as below: The Company plans to distribute cash dividends of RMB 0.88 (inclusive of tax) per 10 shares, amounting to RMB 1,005,390,250.57 in total based on 11,424,889,211 shares, that is, the total shares of 11,575,299,445 net of the number of shares (150,410,234 shares) on the special securities account for repurchase as of the disclosure date of the annual report. No capital surplus was converted into share capital. During the period from the disclosure date of the annual report to the registration date of the equity allocation, if there is any change in the number of shares to which the Company is entitled due to situations such as the repurchase of shares, the total amount of profit distribution is maintained unchanged and the amount allocated per share is adjusted accordingly. The above profit distribution plan will be implemented after approval of the general meeting of shareholders.