Starting today until September 22, Chery Motor will sell 297,397,000 H shares, with the Hong Kong public offering accounting for 10%. The rest is an international placement. The sale price ranges from HK$27.75 to HK$30.75 per H share, with a maximum capital raised of about HK$9.14 billion. The entry fee is HK$3106 for 100 shares in the first hand. The stock is expected to be officially listed on September 25. The company anticipates that about 35% of the net proceeds will be used to develop different models and versions of passenger cars in the next one to three years to further expand the product portfolio; about 25% will be used to develop next-generation vehicles and advanced technology in the next one to three years to improve core technical capabilities; about 20% will be used to expand overseas markets and implement the company's globalization strategy in the next one to four years; about 10% will be used to enhance its production facilities in Wuhu, Anhui; and another 10% will be used for working capital and general corporate purposes. According to the prospectus, since its establishment in 1997, Chery has been committed to leading industry innovation and deepening the international market, and its cars have been sold to more than 100 countries and regions around the world. According to Frost & Sullivan, since 2003, Chery has been the number one passenger car exporter among Chinese own-brand passenger car companies for 22 consecutive years, ranking among the top sales in many major passenger car markets. In 2024, Chery sold more than 2.295 million vehicles worldwide, up 49.4% from 2023, ranking first among the top 20 passenger car companies in the world. At the same time, Chery is the only passenger car company among the top 20 passenger car companies in the world where sales of new energy vehicles, fuel vehicles, sales in the Chinese market, and sales in overseas markets all increased by more than 25% compared to 2023. During the track record period, the company also achieved significant growth. In 2024, the company's revenue was 269.897 billion yuan, up 65.4% year on year; net profit was 14.334 billion yuan, up 37.2% year on year. For the three months ended March 31, 2025, the company's revenue was 68.223 billion yuan, up about 24.2% year on year; profit for the period was 4.726 billion yuan, up nearly 91% year on year. Among them, the revenue of the Chinese market was 41,934 billion yuan, accounting for 61.5% of total revenue.

Starting today until September 22, Chery Motor will sell 297,397,000 H shares, with the Hong Kong public offering accounting for 10%. The rest is an international placement. The sale price ranges from HK$27.75 to HK$30.75 per H share, with a maximum capital raised of about HK$9.14 billion. The entry fee is HK$3106 for 100 shares in the first hand. The stock is expected to be officially listed on September 25. The company anticipates that about 35% of the net proceeds will be used to develop different models and versions of passenger cars in the next one to three years to further expand the product portfolio; about 25% will be used to develop next-generation vehicles and advanced technology in the next one to three years to improve core technical capabilities; about 20% will be used to expand overseas markets and implement the company's globalization strategy in the next one to four years; about 10% will be used to enhance its production facilities in Wuhu, Anhui; and another 10% will be used for working capital and general corporate purposes. According to the prospectus, since its establishment in 1997, Chery has been committed to leading industry innovation and deepening the international market, and its cars have been sold to more than 100 countries and regions around the world. According to Frost & Sullivan, since 2003, Chery has been the number one passenger car exporter among Chinese own-brand passenger car companies for 22 consecutive years, ranking among the top sales in many major passenger car markets. In 2024, Chery sold more than 2.295 million vehicles worldwide, up 49.4% from 2023, ranking first among the top 20 passenger car companies in the world. At the same time, Chery is the only passenger car company among the top 20 passenger car companies in the world where sales of new energy vehicles, fuel vehicles, sales in the Chinese market, and sales in overseas markets all increased by more than 25% compared to 2023. During the track record period, the company also achieved significant growth. In 2024, the company's revenue was 269.897 billion yuan, up 65.4% year on year; net profit was 14.334 billion yuan, up 37.2% year on year. For the three months ended March 31, 2025, the company's revenue was 68.223 billion yuan, up about 24.2% year on year; profit for the period was 4.726 billion yuan, up nearly 91% year on year. Among them, the revenue of the Chinese market was 41,934 billion yuan, accounting for 61.5% of total revenue.