CONNECTED TRANSACTIONS - INVESTMENT IN THE THREE LEADING INDUSTRY FOFS OF SHANGHAI

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.GUOTAI JUNAN SECURITIES CO. LTD.国泰君安证券股份有限公司 (A joint-stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 02611) CONNECTED TRANSACTIONS INVESTMENT IN THE THREE LEADING INDUSTRY FOFS OF SHANGHAI The Board is pleased to announce that Guotai Junan Zhengyu a wholly-owned subsidiary of the Company proposes to participate as a limited partner in the establishment of the Three Leading Industry FOFs of Shanghai namely the Integrated Circuit FOF Biotech FOF and AI FOF with an aggregate investment amount of RMB1 billion. Out of the Three Leading Industry FOFs of Shanghai International Group will also contribute as a limited partner to Integrated Circuit FOF and AI FOF. On 5 July 2024 the Board approved Guotai Junan Zhengyu to jointly invest in the Integrated Circuit FOF and AI FOF with International Group and the investment amount of Guotai Junan Zhengyu was RMB750 million.As of the date of this announcement International Group is interested directly and indirectly in 33.36% of the total share capital of the Company in aggregate. Therefore International Group is a connected person of the Company. Accordingly the participation of Guotai Junan Zhengyu in the establishment of Integrated Circuit FOF and AI FOF (the “Proposed Investments”) will constitute connected transactions of the Company; and for avoidance of doubt the investment of Guotai Junan Zhengyu in Biotech FOF will not constitute a connected transaction of the Company. As the highest applicable percentage ratio in respect of the Proposed Investments is more than 0.1% but less than 5% the Proposed Investments shall be subject to the reporting announcement and annual review requirement but exempted from independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.INTRODUCTION The Board is pleased to announce that Guotai Junan Zhengyu a wholly-owned subsidiary of the Company proposes to participate as a limited partner in the establishment of the Three Leading Industry FOFs of Shanghai namely the Integrated Circuit FOF Biotech FOF and AI FOF with an aggregate investment amount of RMB1 billion. Out of the Three Leading Industry FOFs of Shanghai International Group will also contribute as a limited partner to Integrated Circuit FOF and AI FOF. On 5 July 2024 the Board approved Guotai Junan Zhengyu to jointly invest in the Integrated Circuit FOF and AI FOF with International Group and the investment amount of Guotai Junan Zhengyu was RMB750 million.As at the date of this announcement the Partnership Agreements have not been executed yet and the Company will make an announcement in due course once the definitive agreements are entered into. 1I. PARTICULARS OF INTEGRATED CIRCUIT FOF 1. Principal Terms of the IC Partnership Agreement Name of the Fund Shanghai Guotou Leading Integrated Circuit Private Equity Investment Fund Partnership (Limited Partnership) (上海 国投先导集成电路私募投资基金合伙企业(有限合伙)) (tentative name) Parties * General Partner o Guotou Leading (as also the executive partner) * Limited Partners o Guojing Investment o Pudong Innovation Investment o SSCI o SAIC Group o International Group o Guosheng Group o Shanghai Trust o Guotai Junan Zhengyu o Haitong Innovation o Shenergy Chengyi Fund Manager Guotou Leading Term of Integrated The initial term of the Integrated Circuit FOF shall be 15 Circuit FOF years since the first closing date with an investment period of 8 years. The investment period can be extended once by no more than 2 years in accordance with the terms of the IC Partnership Agreement.The remaining term of the Integrated Circuit FOF after the expiration of investment period is the exit period.Management Fees During the investment period (including the extended investment period if applicable) the Integrated Circuit FOF shall pay the IC FOF Manager a management fee equivalent to 0.8% per annum of the paid-in capital of all the partners thereof.During the exit period Integrated Circuit FOF shall pay the IC FOF Manager a management fee equivalent to 0.5% per annum of the investment costs of the unsold investment projects of the Integrated Circuit FOF. 2Profit Sharing The attributable profits shall be allocated among all the partners of Integrated Circuit FOF on a pro-rata basis according to their respective paid-in capital contribution in the following order: First round: The distributable profits shall be allocated among all the partners of Integrated Circuit FOF until all of the accumulated distribution to such partners equals their accumulative paid-in capital at the time of distribution.Second round: The remaining distributable profits after the first round allocation shall be allocated to all the partners of Integrated Circuit FOF as a return on their investment in Integrated Circuit FOF.Payment Arrangement The capital commitment by each of the IC LPs shall be paid according to the payment notice issued by IC FOF Manager (the “IC Payment Notice”) subject to the IC Partnership Agreement. In particular the first installment will be 9% of the capital commitment each and shall be paid on or before the payment date stipulated in the first IC Payment Notice; the second installment will be 21% of the capital commitment each and shall be paid by early 2025 subject to the second IC Payment Notice. 2. Capital Commitments to Integrated Circuit FOF The target fund-raising scale of Integrated Circuit FOF is expected to be RMB45001 million.As of the date of this announcement the proposed capital commitments by each of the IC LPs to Integrated Circuit FOF are as follows: Capital Limited Partners Commitment Percentage (RMB100 million) (%) Guojing Investment 200 44.44% Pudong Innovation Investment 100 22.22% SSCI 60 13.33% SAIC Group 25 5.56% International Group 25 5.56% Guosheng Group 20 4.44% Shanghai Trust 5 1.11% Guotai Junan Zhengyu 5 1.11% Haitong Innovation 5 1.11% Shenergy Chengyi 5 1.11% Total(1) 450 100.00% Note: (1) Any discrepancies in the table between the totals and the sums of the amounts listed therein are due to rounding. 3In addition Guotou Leading as the IC FOF Manager and a general partner will make a proposed capital commitment of RMB1 million to Integrated Circuit FOF.The capital commitment will be determined after arm’s length negotiations among the parties with reference to their respective interests in Integrated Circuit FOF as well as its investment objectives. Guotai Junan Zhengyu will finance its capital commitment by internal resources.Parties to the IC Partnership Agreement and capital commitment by each partner are subject to further adjustment and negotiation. 3. Investment Strategy Integrated Circuit FOF will focus on investing in integrated circuit-related fields including but not limited to the design manufacturing sealing equipment materials and components of integrated circuit. The Integrated Circuit FOF intends to invest no less than 50% of its total capital commitment in IC Fund Investments and no more than 50% in IC Project Investments. 4. Management and OperationAn investment decision-making committee (the “IC Investment Decision-makingCommittee”) will be formed as the decision-making authority for Integrated Circuit FOF comprising of five members of which: two members appointed by Guotou Leading and remaining members appointed by three IC LPs respectively. The IC Investment Decision- making Committee has a number of observer seats and IC LPs who have not appointed any member of IC Investment Decision-making Committee may appoint an observer. The IC Investment Decision-making Committee shall exercise its decision-making authority over the matters on the investment and disposal of investments and each resolution of Integrated Circuit FOF should be approved by a majority of not less than four fifth of the votes cast by members with voting rights of the IC Investment Decision-making Committee. Guotai Junan Zhengyu may appoint an observer.Integrated Circuit FOF will also establish an advisory committee (the “IC AdvisoryCommittee”) comprising of three members appointed by three IC LPs respectively. The IC Advisory Committee shall consider and decide on matters including the related transactions and conflicts of interest. All resolutions of the IC Advisory Committee should be approved by a majority of more than half of the votes cast by its members with voting rights. 4II. PARTICULARS OF AI FOF 1. Principal Terms of the AI Partnership Agreement Name of AI FOF Shanghai Guotou Leading Artificial Intelligence Private Equity Investment Fund Partnership (Limited Partnership) (上海国投先导人工智能私募投资基金合伙企业(有限合 伙)) (tentative name) Parties * General Partner o Guotou Leading (as also the executive partner) * Limited Partners o Guojing Investment o Huizi Investment o SAIC Group o SSCI o International Group o Lingang Holdings o Jing’an Industrial o Shenergy Chengyi o Guotai Junan Zhengyu o Haitong Innovation Fund Manager Guotou Leading Term of AI FOF The initial term of the AI FOF shall be 15 years since the first closing date with an investment period of 8 years. The investment period can be extended once by no more than 2 years in accordance with the terms of the AI Partnership Agreement.The remaining term of the AI FOF after the expiration of investment period is the exit period.Management Fees During the investment period (including the extended investment period if applicable) the AI FOF shall pay the AI FOF Manager a management fee equivalent to 1.0% per annum of the paid-in capital of all the partners thereof.During the exit period AI FOF shall pay the AI FOF Manager a management fee equivalent to 0.5% per annum of the unsold investment costs of the investment projects of the AI FOF. 5Profit Sharing The attributable profits shall be allocated among all the partners of AI FOF on a pro-rata basis according to their respective paid-in capital contribution in the following order: First round: The distributable profits shall be allocated among all the partners of AI FOF unti l al l of the accumulated distribution to such partners equals their accumulative paid-in capital at the time of distribution.Second round: The remaining distributable profits after the first round allocation shall be allocated to all the partners of AI FOF as a return on their investment in AI FOF.Payment Arrangement The capital commitment by each of the AI LPs shall be paid according to the payment notice issued by AI FOF Manager (the “AI Payment Notice”) subject to the AI Partnership Agreement. In particular the first installment will be 9% of the capital commitment each and shall be paid on or before the payment date stipulated in the first AI Payment Notice; the second installment will be 21% of the capital commitment each and shall be paid by early 2025 subject to the second AI Payment Notice. 2. Capital commitments to AI FOF The target fund-raising scale of AI FOF is expected to be RMB22501 million. As of the date of this announcement the proposed capital commitments by each of the AI LPs to AI FOF are as follows: Capital Limited Partners Commitment Percentage (RMB100 million) (%) Guojing Investment 100 44.44% Huizi Investment 45 20.00% SAIC Group 25 11.11% SSCI 22 9.78% International Group 10 4.44% Lingang Holdings 8 3.56% Jing’an Industrial 5 2.22% Shenergy Chengyi 5 2.22% Guotai Junan Zhengyu 2.5 1.11% Haitong Innovation 2.5 1.11% Total(1) 225 100.00% Note: (1) Any discrepancies in the table between the totals and the sums of the amounts listed therein are due to rounding.In addition Guotou Leading as the AI FOF Manager and a general partner will make a proposed capital commitment of RMB1 million to AI FOF. 6The capital commitment will be determined after arm’s length negotiations among the parties with reference to their respective interests in AI FOF as well as its investment objectives.Guotai Junan Zhengyu will finance its capital commitment by internal resources. Parties to the AI Partnership Agreement and capital commitment by each partner are subject to further adjustment and negotiation. 3. Investment Strategy AI FOF will focus on artificial intelligence-related fields including but not limited to smart chips smart software autonomous driving and smart robots. The AI FOF intends to invest no less than 80% of its total capital commitment in AI Fund Investments and no more than 20% in AI Project Investments. 4. Management and OperationAn investment decision-making committee (the “AI Investment Decision-makingCommittee”) will be formed as the decision-making authority for AI FOF comprising of five members of which: two members appointed by Guotou Leading and remaining members appointed by three AI LPs respectively. The AI Investment Decision-making Committee has a number of observer seats and AI LPs who have not appointed any member of AI Investment Decision-making Committee may appoint an observer. The AI Investment Decision-making Committee shall exercise its decision-making authority over the matters on the investment and disposal of investments and each resolution of AI FOF should be approved by a majority of not less than four fifth of the votes cast by members with voting rights of the AI Investment Decision-making Committee. Guotai Junan Zhengyu may appoint an observer.AI FOF will also establish an advisory committee (the “AI Advisory Committee”) comprising of three members appointed by three AI LPs respectively. The AI Advisory Committee shall consider and decide on matters including related transactions and conflicts of interest. All resolutions of the AI Advisory Committee should be approved by a majority of more than half of the votes cast by its members with voting rights.III. REASONS FOR AND BENEFITS OF ENTERING INTO THE PARTNERSHIP AGREEMENTS The investment in the Three Leading Industry FOFs of Shanghai aligns with the developmental requirements outlined by the government of Shanghai serving as a catalyst for the innovative growth of Shanghai’s primary industries. The Proposed Investments aim to nurture new productive forces address gaps in the industrial chain and crucial core areas intensify efforts in early-stage and small-scale investments support original innovation and technology transfer and facilitate industrial mergers and acquisitions. The substantial scale and diverse project portfolio of the Three Leading Industry FOFs of Shanghai are conducive for leveraging our comprehensive financial services advantage with numerous opportunities for investment banking wealth management asset management and financial advisory services within the subsequent projects of the fund. The involvement of the Company in the Three Leading Industry FOFs of Shanghai will contribute to establishing a modern investment bank with comprehensive leadership and international competitiveness. 7The Board (including all the independent non-executive Directors) considers that the Proposed Investments are in the ordinary and usual course of business of the Group and on normal commercial terms and the terms of Partnership Agreements are fair and reasonable and in the interests of the Company and its Shareholders as a whole.As each of Mr. Liu Xinyi Ms. Guan Wei Mr. Zhong Maojun and Mr. Chen Hua holds certain positions in International Group and/or its associates they have abstained from voting on the Board resolution approving the Proposed Investments. Saved as disclosed above none of the Director has a material interest in the Proposed Investments or holds any position in International Group and/or its associates which required them to abstain from voting on the relevant Board resolution.IV. IMPLICATIONS UNDER THE LISTING RULES As of the date of this announcement International Group is interested directly and indirectly in 33.36% of the total share capital of the Company in aggregate. Therefore International Group is a connected person of the Company. Accordingly the participation of Guotai Junan Zhengyu in the establishment of Integrated Circuit FOF and AI FOF will constitute connected transactions of the Company; and for avoidance of doubt the investment of Guotai Junan Zhengyu in Biotech FOF will not constitute a connected transaction of the Company. As the highest applicable percentage ratio in respect of the Proposed Investments is more than 0.1% but less than 5% the Proposed Investments shall be subject to the reporting announcement and annual review requirement but exempted from independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.V. GENERAL INFORMATION (1) Guotai Junan Zhengyu Guotai Junan Zhengyu is a company incorporated in the PRC with limited liability and is principally engaged in equity investment and financial products investment. As at the date of this announcement Guotai Junan Zhengyu is a wholly-owned subsidiary of the Company. (2) International Group International Group is a limited liability company incorporated in the PRC and is primarily engaged in financial-oriented investment capital operation and asset management and other relevant financial business. As at the date of this announcement the ultimate beneficial owner of International Group is Shanghai SASAC. (3) Guojing Investment Guojing Investment is a limited liability company incorporated in the PRC and is principally engaged in investment management investment activities and asset management. As at the date of this announcement Guojing Investment is wholly-owned by Shanghai Guosheng Group Assets Co. Ltd. (上海国盛集团资产有限公司) which is in turn wholly-owned by Guosheng Group. To the best of the knowledge information and belief of the Company Guojing Investment and its ultimate beneficial owner are Independent Third Parties. 8(4) Guosheng Group Guosheng Group is a limited liability company incorporated in the PRC and is primarily engaged in capital operation. As at the date of this announcement Guosheng Group is wholly-owned by Shanghai SASAC. To the best of the knowledge information and belief of the Company Guosheng Group is an Independent Third Party. (5) Pudong Innovation Investment Pudong Innovation Investment is a limited liability company incorporated in the PRC and is principally engaged in investment in various assets capital operation and asset management industrial research and social and economic consulting. As at the date of this announcement Pudong Innovation Investment is wholly-owned by Shanghai Pudong New District State- owned Assets Supervision and Administration Commission (上海市浦东新区国有资产监督 管理委员会 “Shanghai Pudong SASAC”). To the best of the knowledge information and belief of the Company Pudong Innovation Investment and its ultimate beneficial owner are Independent Third Parties. (6) SSCI SSCI is a limited liability company incorporated in the PRC and is primarily engaged in operation and management of state-owned capital equity investment industrial investment and social and economic consulting. As at the date of this announcement SSCI is wholly- owned by Shanghai SASAC. To the best of the knowledge information and belief of the Company SSCI is an Independent Third Party. (7) SAIC Group SAIC Group is a limited liability company incorporated in the PRC and is primarily engaged in manufacture and sale of motor products. As at the date of this announcement SAIC Group is wholly-owned by Shanghai SASAC. To the best of the knowledge information and belief of the Company SAIC Group is an Independent Third Party. (8) Shanghai Trust Shanghai Trust is a limited liability company incorporated in the PRC and is primarily engaged in asset management investment banking and family wealth management. As at the date of this announcement Shanghai Trust is held as to 97.33% 2.00% and 0.67% by Shanghai Pudong Development Bank Co. Ltd. (上海浦东发展银行股份有限公司) (the shares of which are listed on the Shanghai Stock Exchange (stock code: 600000)) SAIC Equity Investment Company Limited (上海汽车集团股权投资有限公司 “SAIC Investment”) and Shanghai New Huang Pu Industrial Group Co. Ltd. (上海新黄浦实业集团股份有限公司) (the shares of which are listed on the Shanghai Stock Exchange (stock code: 600638)). SAIC Investment is wholly-owned by SAIC Motor whose shares are listed on the Shanghai Stock Exchange (stock code: 600104). To the best of the knowledge information and belief of the Company Shanghai Trust is an Independent Third Party. 9(9) Haitong Innovation Haitong Innovation is a limited liability company incorporated in the PRC and is primarily engaged in equity and financial products investment. As the date of this announcement Haitong Innovation is wholly-owned by Haitong Securities Co. Ltd. (海通证券股份有限公 司) the shares of which are listed on the Hong Kong Stock Exchange (stock code: 6837) and Shanghai Stock Exchange (stock code: 600837). To the best of the knowledge information and belief of the Company Haitong Innovation and its ultimate beneficial owner are Independent Third Parties. (10) Shenergy Chengyi Shenergy Chengyi is a limited liability company incorporated in the PRC and is primarily engaged in equity investment venture capital equity investment management investment management investment consulting and asset management. As at the date of this announcement Shenergy Chengyi is wholly-owned by Shenergy (Group) Company Limited (申能(集团)有限公司) which is in turn wholly-owned by Shanghai SASAC. To the best of the knowledge information and belief of the Company Shenergy Chengyi is an Independent Third Party. (11) Guotou Leading Guotou Leading is a limited liability company incorporated in the PRC and is primarily engaged in private equity fund management and venture capital fund management services.As at the date of this announcement Guotou Leading is wholly-owned by SSCI which is in turn wholly-owned by Shanghai SASAC. To the best of the knowledge information and belief of the Company Guotou Leading is an Independent Third Party. (12) Huizi Investment Huizi Investment is a limited liability company incorporated in the PRC and is primarily engaged in industrial investment investment management investment consulting and business management consulting. As at the date of this announcement Huizi Investment is held as to 99.25% and 0.75% by Shanghai Xuhui Capital Investment Co. Ltd. (上海徐汇资 本投资有限公司 “Xuhui Capital”) and Shanghai Xuhui High-Tech Investment Co. Ltd. (上 海徐汇科技创业投资有限公司 “Xuhui High-Tech”). Xuhui High-Tech is wholly-owned by Xuhui Capital which is in turn wholly-owned by Shanghai Xuhui District State-owned Assets Supervision and Administration Committee (上海市徐汇区国有资产监督管理委员 会). To the best of the knowledge information and belief of the Company Huizi Investment and its ultimate beneficial owners are Independent Third Parties. 10(13) Lingang Holdings Lingang Holdings is a joint stock company incorporated in the PRC with limited liability and is primarily engaged in industrial investment and management the shares of which are listed on the Shanghai Stock Exchange (stock code: 600848). To the best of the knowledge information and belief of the Company Lingang Holdings and its ultimate beneficial owners are Independent Third Parties. (14) Jing’an Industrial Jing’an Industrial is a limited liability company incorporated in the PRC and is primarily engaged in equity investment equity investment management and asset management. As at the date of this announcement Jing’an Industrial is wholly-owned by Shanghai Jingan District State-owned Assets Supervision and Administration Committee (上海市静安区国有 资产监督管理委员会). To the best of the knowledge information and belief of the Company Jing’an Industrial is an Independent Third Party.DEFINITIONS Unless the context otherwise requires the following expressions have the following meanings in this announcement: “AI FOF” Shanghai Guotou Leading Artificial Intelligence Private Equity Investment Fund Partnership (Limited Partnership) (上海国投先导 人工智能私募投资基金合伙企业(有限合伙)) (tentative name) “AI FOF Manager” fund manager of AI FOF namely Guotou Leading “AI Fund Investment(s)” private equity funds to be invested by AI FOF “AI LP(s)” limited partner(s) of AI FOF namely Guojing Investment Huizi Investment SAIC Group SSCI International Group Lingang Holdings Jing’an Industrial Shenergy Chengyi Guotai Junan Zhengyu and Haitong Innovation“AI Partnership the partnership agreement to be entered into among Guotou LeadingAgreement” and AI LPs which has not been executed yet as at the date of this announcement “AI Project Investment(s)” companies operating particular projects or businesses to be invested by AI FOF except for the AI Fund Investment(s) “Board” the board of directors of the Company “Biotech FOF” Shanghai Guotou Leading Biotech Private Equity Investment Fund Partnership (Limited Partnership) (上海国投先导生物医药私募投资 基金合伙企业(有限合伙)) (tentative name) 11“Company” Guotai Junan Securities Co. Ltd. (国泰君安证券股份有限公司) a joint stock limited company incorporated in the PRC the H Shares of which are listed on the Hong Kong Stock Exchange under the stock code of 2611 and the A Shares of which are listed on the Shanghai Stock Exchange under the stock code of 601211 “Director(s)” director(s) of the Company “Group” the Company and its subsidiaries “Guojing Investment” Shanghai Guojing Investment Development Co. Ltd. (上海国经投资 发展有限公司) “Guosheng Group” Shanghai Guosheng (Group) Co. Ltd. (上海国盛(集团)有限公司) “Guotai Junan Zhengyu” Guotai Junan Zhengyu Investment Co. Ltd. (国泰君安证裕投资有 限公司) “Guotou Leading” Shanghai Guotou Leading Private Equity Fund Management Co.Ltd. (上海国投先导私募基金管理有限公司) “Haitong Innovation” Haitong Innovation Securities Investment Co. Ltd. (海通创新证券 投资有限公司)“Hong Kong Stock The Stock Exchange of Hong Kong LimitedExchange”“Huizi Investment” Shanghai Huizi Investment Co. Ltd. (上海汇资投资有限公司） “IC FOF Manager” fund manager of Integrated Circuit FOF namely Guotou Leading “IC Fund Investment(s)” private equity funds to be invested by Integrated Circuit FOF “IC LP(s)” limited partner(s) of Integrated Circuit FOF namely Guojing Investment Pudong Innovation Investment SSCI SAIC Group International Group Guosheng Group Shanghai Trust Guotai Junan Zhengyu Haitong Innovation and Shenergy Chengyi“IC Partnership the partnership agreement to be entered into among Guotou LeadingAgreement” and IC LPs which has not been executed yet as at the date of this announcement “IC Project Investment(s)” companies operating particular projects or businesses to be invested by Integrated Circuit FOF except for the IC Fund Investment(s)“Independent Third part(ies) not connected with the Company or its subsidiaries withinPart(ies)” the meaning of the Listing Rules as far as the Directors are aware after having made all reasonable enquiries 12“Integrated Circuit FOF” Shanghai Guotou Leading Integrated Circuit Private Equity Investment Fund Partnership (Limited Partnership) (上海国投先导 集成电路私募投资基金合伙企业(有限合伙)) (tentative name) “International Group” Shanghai International Group Co. Ltd. (上海国际集团有限公 司) the controlling shareholder of the Company a limited liability company incorporated in the PRC in April 2000. As at the date of this announcement the ultimate beneficial owner of International Group is Shanghai SASAC “Jing’an Industrial” Shanghai Jing’an Industrial Guidance Equity Investment Fund Co.Ltd. (上海静安产业引导股权投资基金有限公司) “Lingang Holdings” Shanghai Lingang Holdings Co. Ltd. (上海临港控股股份有限公司) “Listing Rules” the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited “Partnership Agreements” IC Partnership Agreement and AI Partnership Agreement “PRC” the People’s Republ ic of China for the purpose of th is announcement excluding Hong Kong Special Administrative Region Macau Special Administrative Region and Taiwan“Pudong Innovation Shanghai Pudong Innovation Investment Development (Group) Co.Investment” Ltd. (上海浦东创新投资发展(集团)有限公司) “RMB” Renminbi lawful currency of the PRC “SAIC Group” Shanghai Automotive Industry Corporation (Group) Co. Ltd. (上海 汽车工业(集团)有限公司) “SAIC Motor” SAIC Motor Corporation Limited (上海汽车集团股份有限公司) “Shanghai SASAC” the Shanghai State-owned Assets Supervision and Administration Commission (上海市国有资产监督管理委员会) 13“Shanghai Trust” Shanghai International Trust Co. Ltd. (上海国际信托有限公司) “Shareholder(s)” shareholder(s) of the Company “Shenergy Chengyi” Shanghai Shenergy Chengyi Equity Investment Co. Ltd. (上海申能 诚毅股权投资有限公司) “SSCI” Shanghai State-owned Capital Investment Co. Ltd. (上海国有资本 投资有限公司)“Three Leading Industry Integrated Circuit FOF Biotech FOF and AI FOFFOFs of Shanghai” In addition the terms “associate(s)” “connected person(s)” “connected transaction(s)” “percentage ratio(s)” and “subsidiary(ies)” shall have the meanings ascribed to them under the Listing Rules.By order of the Board Guotai Junan Securities Co. Ltd.ZHU Jian Chairman Shanghai the PRC 5 July 2024 As at the date of this announcement the executive directors of the Company are Mr. ZHU Jian and Mr. LI Junjie; the non-executive directors of the Company are Mr. LIU Xinyi Ms. GUAN Wei Mr. ZHONG Maojun Mr. CHEN Hua Mr. SUN Minghui Mr. ZHANG Manhua Mr. ZHANG Yipeng and Mr. AN Hongjun; and the independent non-executive directors of the Company are Mr.DING Wei Mr. LI Renjie Mr. BAI Wei Mr. WANG Guogang Mr. YIM Chi Hung Henry and Mr. PU Yonghao. 14