Core Viewpoint - The launch of Great Wall's original AI all-powerful vehicle platform, the Guiyuan platform, emphasizes a design philosophy that simplifies complexity and returns to authenticity, aiming to create independent "technical movable types" for flexible combinations and scalable development [2] Group 1: Platform Features - The Guiyuan platform is built on three major breakthroughs: power revolution, original intelligent transformation, and safety innovation [2] - The power layer supports five different power forms, with diesel hybrid models achieving a 9% reduction in fuel consumption and a 40% improvement in acceleration, suitable for diverse global scenarios [2] - The intelligent aspect utilizes original AI as a foundation, breaking down over 300 functional units for dynamic scene-based responses [2] - In safety, the platform introduces a continuous working condition verification dummy, establishing a full-loop closed system of "prediction-intervention-protection" [2] Group 2: Product and Market Strategy - Leveraging Great Wall's 30 years of "forest ecosystem" full-stack self-research system, the Guiyuan platform can cover seven product categories and plans to launch over 50 global vehicle models [2] - The event showcased the integration of ancient craftsmanship with modern vehicle manufacturing technology, symbolized by the printing of "Great Wall Guiyuan" on rice paper [2] - Great Wall aims to use this platform as a "super mother body" to convey the strength of Chinese manufacturing and tailor high-quality vehicles for global users [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） 股份代號：02333（港幣櫃台）及82333（人民幣櫃台） 股東特別大會 之投票表決結果 長城汽車股份有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司於 2026 年 1 月 21 日（星期三）在中華人民共和國（「中國」）河北省保定市蓮池 區朝陽南大街 2266 號本公司會議室召開的本公司股東特別大會（「股東特別 大會」或「會議」）的投票表決結果。提呈的決議案已獲出席會議的本公司股 東（「股東」）正式通過。 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* 有關會議所審議決議案的詳情，股東可參閱本公司發出的日期為 2025 年 12 月 29 日（星期一）的股東特別大會通告（「股東特別大會通告」）及通函 （「通函」）。除本公告文義另有所指外，通函所界定詞彙在本公告具有相 同涵義。 1. 會議召開 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損 失承擔任何責任。 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* （於中華人民共和國註冊成立的股份有限公司） 股份代號：02333（港幣櫃台）及82333（人民幣櫃台） 股東特別大會 之投票表決結果 長城汽車股份有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司於 2026 年 1 月 21 日（星期三）在中華人民共和國（「中國」）河北省保定市蓮池 區朝陽南大街 2266 號本公司會議室召開的本公司股東特別大會（「股東特別 大會」或「會議」）的投票表決結果。提呈的決議案已獲出席會議的本公司股 東（「股東」）正式通過。 1. 會議召開及出席情況 持有 6,007,585,803 股（包括 5,311,649,519 股 A 股和 695,936,284 股 H 股） 具投票權股份（佔本公司全部已發行股本 70.20%）的股東或其委任代表已 出席該股東特別大會 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 長 城 汽 車 股 份 有 限 公 司 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第 13.10B 條發出。以下為長城 汽車股份有限公司於上海證券交易所網站（www.sse.com.cn）所刊發之「北京金誠同達律師事 務所關於長城汽車股份有限公司2026年第一次臨時股東會的法律意見書」。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 李紅栓 公司秘書 中國河北省保定市，2026 年 1 月21日 於本公告日期，董事會成員如下： 執行董事： 魏建軍先生、趙國慶先生及李紅栓女士。 职工董事：盧彩娟女士。 非執行董事：何平先生。 GREAT WALL MOTOR COMPANY LIMITED* （於中華人民共和國註冊成立的股份有限公司） 股份代號：02333（港幣櫃台）及82333（人民幣櫃台） 海外監管公告 獨立非執行董事： 樂英女士、 輝先生及鄒兆麟先生。 * 僅供識別 北京金诚同达律师 ...

（於中華人民共和國註冊成立的股份有限公司） 股份代號：02333（港幣櫃台）及82333（人民幣櫃台） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何 聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 長 城 汽 車 股 份 有 限 公 司 GREAT WALL MOTOR COMPANY LIMITED* 海外監管公告 此海外監管公告是根據香港聯合交易所有限公司證券上市規則第 13.10B 條發出。以下為長城 汽車股份有限公司於上海證券交易所網站（www.sse.com.cn）所刊發之「長城汽車股份有限公 司2026年第一次臨時股東會決議公告」。 承董事會命 長城汽車股份有限公司 公司秘書 李紅栓 李紅栓 公司秘書 中國河北省保定市，2026 年 1 月21日 於本公告日期，董事會成員如下： 執行董事： 魏建軍先生、趙國慶先生及李紅栓女士。 职工董事：盧彩娟女士。 非執行董事：何平先生。 獨立非執行董事： 樂英女士、 輝先生及鄒兆麟先生。 * 僅供識別 | 证券代码：601633 | 证券简称：长城 ...

| 证券代码：601633 | 证券简称：长城汽车 公告编号：2026-005 | | --- | --- | | 转债代码：113049 | 转债简称：长汽转债 | 长城汽车股份有限公司 (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 2026年第一次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 1,814 | | --- | --- | | 其中：A 股股东人数 | 1,813 | | 境外上市外资股股东人数（H 股） | 1 | | 2、出席会议的股东所持有表决权的股份总数（股） | 6,007,585,803 | | 其中：A 股股东持有股份总数 | 5,311,649,519 | | 境外上市外资股股东持有股份总数（H 股） | 695,936,284 | (一) 股东会召开的时间：2026 年 1 月 21 日 (二) 股东会召开的地点：河北省保定市朝阳南大街 ...

长城汽车股份有限公司 2026 年第一次临时股东会的 北京金诚同达律师事务所 关于 法律意见书 金证法意[2026]字 0119 第 0038 号 北京市朝阳区建国门外大街 1 号国贸大厦 A 座 10 层 电话：010-5706 8585 传真：010-6518 5057 金诚同达律师事务所 法律意见书 北京金诚同达律师事务所 关于长城汽车股份有限公司 2026 年第一次临时股东会的 法律意见书 金证法意[2026]字 0119 第 0038 号 致：长城汽车股份有限公司 北京金诚同达律师事务所（以下简称"本所"）接受长城汽车股份有限公司 （以下简称"公司"）的聘请，指派本所律师出席公司 2026 年第一次临时股东会 （以下简称"本次股东会"）并对会议的相关事项出具法律意见书。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》《上市公司股东会规则》（以下简称"《股东会规则》"）《律师事 务所从事证券法律业务管理办法》《律师事务所证券法律业务执业规则（试行）》 等有关法律、法规和规范性文件的要求以及《长城汽车股份有限公司章程》（以 下简称"《公司章程》"）的规定，对本 ...

Core Insights - The Chinese automotive industry is projected to achieve record production and sales figures by 2025, with production reaching 34.53 million vehicles and sales at 34.40 million vehicles, marking year-on-year growth of 10.4% and 9.4% respectively [1] - The new energy vehicle (NEV) sector is expected to surpass 16 million units in annual production and sales by 2025, highlighting the industry's resilience and internal momentum [1] - The shift towards electrification and intelligence in the automotive sector is no longer a future trend but a current competitive battleground, with globalization becoming a strategic necessity for survival [1] Industry Trends - The future of the automotive industry will focus on user needs, emphasizing safety, reliability, convenience, and enjoyable travel experiences rather than just technical specifications [1] - Long-term trends indicate that the Chinese automotive market is transitioning from incremental competition to stock competition, with increasing importance on overseas business for Chinese automakers [13] Company Developments - Great Wall Motors has unveiled its new "Guiyuan" platform, which is compatible with five powertrain types: gasoline, diesel, pure electric, hybrid (HEV/PHEV), and hydrogen fuel [3][5] - The "Guiyuan" platform aims to simplify vehicle design and manufacturing by adopting a modular approach, allowing for flexible combinations to meet diverse consumer needs [5][10] - The platform is designed to meet the highest global safety standards, ensuring that all vehicle designs prioritize safety regardless of the powertrain used [10] Global Strategy - Great Wall Motors plans to launch over 50 global models across various categories, including sedans, SUVs, and MPVs, leveraging the "Guiyuan" platform to enhance global production efficiency and meet regional demands [11] - The company is experiencing rapid growth in overseas markets, with a projected total sales volume of 45.41 million vehicles in 2024, accounting for nearly 37% of total sales, and an export increase of 44.61% compared to 2023 [13] - By 2030, it is anticipated that the overseas sales of Chinese brand vehicles will approach 10 million units, reflecting the increasing competitiveness of Chinese automakers in the global market [13][14]

Core Viewpoint - Recent policy changes in Germany and Canada are creating favorable conditions for Chinese electric vehicle manufacturers to expand internationally, particularly in the European and North American markets [1][2][5]. Group 1: Germany's Policy Changes - The German government has announced a €3 billion (approximately ¥24.5 billion) subsidy plan for electric vehicles, providing up to €6,000 (approximately ¥49,000) for households purchasing new electric cars, which is open to all manufacturers, including Chinese brands [1][2]. - This subsidy aims to boost electric vehicle sales and support the automotive industry after a significant drop in demand following the end of previous subsidy programs [5]. - The German Federal Environment Minister emphasized the need to embrace competition rather than impose restrictions, indicating a welcoming stance towards Chinese automotive manufacturers [5]. Group 2: Canada's Policy Adjustments - Canadian Prime Minister Justin Trudeau announced the cancellation of a 100% tariff on Chinese electric vehicles and introduced an annual quota of 49,000 vehicles that will benefit from a 6.1% most-favored-nation tariff rate [1][8]. - This quota corresponds to the export volume from China to Canada before the imposition of additional tariffs, with expectations for gradual increases over the years [10]. - Trudeau highlighted China's undeniable advantages in the electric vehicle sector, aiming to learn from innovative partners to enhance Canada's competitive automotive industry [10]. Group 3: Export Growth of Chinese Automakers - In 2025, China's total automobile exports are projected to reach 8.32 million units, marking a 30% year-on-year increase, continuing a five-year growth trend [11]. - The export value is expected to grow from $34.5 billion (approximately ¥240.1 billion) in 2021 to $142.4 billion (approximately ¥991 billion) in 2025, reflecting a 21% increase [11]. - Notably, the export volume of new energy vehicles is anticipated to double, reaching 2.615 million units in 2025, with significant contributions from major automakers like BYD and Chery [11][16]. Group 4: Performance of Major Chinese Automakers - Chery is expected to lead in export volume in 2025, with 1.34 million units, while BYD's exports are projected to reach 1.05 million units, a 144% increase from the previous year [16][18]. - SAIC Group is also set to export 950,000 units, leveraging its joint ventures and brand portfolio [18]. - New entrants like Leap Motor and Xpeng are showing remarkable growth, with exports increasing by 600% and 150%, respectively, indicating a strong competitive presence in the international market [19][20]. Group 5: Industry Implications - The evolving international landscape for Chinese automakers signifies a historic shift from "bringing in" to "going out," enhancing the global influence of Chinese automotive brands [21]. - The advancements in technology, such as smart cabins and battery innovations, are contributing to the transformation of the global automotive industry [21]. - The current complex international environment and restructuring of the global automotive landscape suggest that Chinese automotive exports are likely to maintain a robust trajectory, becoming a key driving force in global mobility transformation [21].

Core Insights - A new agreement on electric vehicle imports was reached between China and Europe, while Canada announced the restoration of the most-favored-nation tax rate for Chinese electric vehicles within quotas, indicating a more secure and stable development opportunity for China's electric vehicle exports [1] Industry Summary - China's automobile export market shows significant potential with rapid growth and high return on equity (ROE), serving as crucial support for the valuation and growth of the automotive sector [1] Company Recommendations - Companies recommended for investment include BYD (002594), Geely Automobile, and Great Wall Motors (601633) [1] - Additional companies to watch include Leap Motor, Changan Automobile, SAIC Motor (600104), and Chery Automobile [1]