VALA (02051): A total of 420 VALA vehicles were delivered to subscribers in the third quarter

According to the Zhitong Finance App, VALA (02051) announced that in late September 2026, the third Vala model, the Vala Kcar, which was jointly designed and built in deep cooperation between the Group and Liuzhou Wuling Automobile Industry Co., Ltd. (Wuling Industry), has begun delivery to the first batch of car owners. With the successful delivery of Vala KCar, the Group's Vala Auto product matrix will be further enriched, covering a wider range of user groups and diverse usage scenarios. Among them, with its more compact body layout and flexible functional space, Vala KCar accurately cuts into segmented incremental scenarios such as short trips in the city and parent-child activities.

The Group is working with Wuling Industries to increase production capacity and delivery systems to provide Vala Kcar owners with a better product and service experience.

In the third quarter of 2026, the Group delivered a total of 420 Vala cars to subscribers. This includes 90 Vala KCar models of the Group and 330 other Vala models.

The Group has pioneered a “co-creator” model of automobile sales, focusing on attracting high-quality Vala car owners who are passionate about the Vala lifestyle and are happy to share to join the team of co-creators to establish a word-of-mouth communication and sales network covering online and offline. As of September 30, 2026, the Group has successfully recruited 888 co-creators to promote and sell Vala cars based on their personal experience and influence on social platforms. As the number of co-creators continues to expand and the number of vehicles delivered steadily increases, the Vala mobile store model has begun to take shape, which can reach more potential customers who want the Vala lifestyle.

As the co-creator system continues to expand, in order to meet the needs of potential customers for diverse experiences with Vala cars, in addition to relying on a mobile store experience network composed of co-creators, the Group is also further developing its own Vala underground stores. With a “full-scene user experience” as the core, Vala Dungeon Store is a complex business format that integrates multiple functions such as vala car display, car lifestyle products, and offline interaction with the car owner community. As of September 30, 2026, the Group has opened Vala underground city stores in 20 major cities in China, and has signed contracts with property owners in a number of potential layout cities. Subsequent stores will be opened one after another. These stores aim to create a one-stop high-quality experience space for Vala car owners and potential customers, integrating car viewing, car selection, car play, and communication with riders, and to build a brand ecosystem with both practicality and emotional connection.

Vala Club is a lifestyle community using Vala cars as the carrier. It is also the core link connecting car owners to a new life. As of September 30, 2026, nearly 1,000 Vala Club events have been held. Vala Club not only creates an exclusive community service for Vala owners, but also sincerely welcomes non-Vala car owners to experience the beautiful lifestyle advocated by Vala. The Group hopes to use cars as a medium to build a communication circle that resonates with the same frequency for car owners, so that riders can explore secret places in China where they can live directly by car and park, and unlock diverse experiences of a beautiful life along the way.

The Group has launched the WeChat Mini Program “valalife” for Vala Motors to provide a variety of ordering and cooperation solutions. As of September 30, 2026, the Valalife applet has attracted a total of about 210,000 registered users. Furthermore, with its unique space design and car lifestyle proposition, the Vala brand continues to receive widespread attention in the market and has aroused enthusiastic reactions on various social media platforms. As of September 30, 2026, Vala Auto had a total social media fan base of about 4.49 million, and the cumulative number of related content videos viewed more than 1.5 billion times.

The Vala car launched by the Group is the first domestic new energy utility vehicle to rise to the top. It pioneered the integration of the three core elements of a tent-style inclined roof structure, LEGO modular design, and a high-quality entertainment system. The Group strives to build a core competitive barrier with “heavy product definition+asset-light intelligent manufacturing+multi-dimensional channel+strong scenario ecology”, leading the new energy mobile lifestyle circuit through innovation, and is determined to become a “pioneer of Chinese tram life”, promote the evolution of automobiles from a single means of transportation to a mobile third living space, and create a new scene where the city is seamlessly connected with nature.

Vala Auto is based on the concept of “mobile space reconstructs life scenarios”, and can be used as a living platform to meet diverse usage scenarios such as outdoor camping, office meetings, business negotiations, parent-child entertainment, dining and rest, friend gatherings, K-pop, outdoor travel, etc., bringing car owners a comfortable, convenient and personalized multi-functional space, creating unlimited possibilities for extending the urban lifestyle; it can also be used as a business and production tool, flexibly transforming into various commercial forms such as mobile stores, coffee cars, beauty cabins, bazaar stores, etc., to effectively expand the business scenarios and service boundaries of car owners. Become an innovative vehicle that empowers mobile business operations.