Chongqing Changan Atuomobile Co., Ltd.

Chongqing Changan Automobile Co., Ltd. is a prominent player in the automobile manufacturing industry, primarily engaged in the research and development, manufacturing, and sales of complete vehicles and engines. Founded in 1981, the company has evolved through several strategic transformations, with its current focus on becoming an intelligent low-carbon mobility technology company. Changan Automobile is listed on the Shenzhen Stock Exchange and operates under the mission to lead sustainable mobility while enhancing human life. The company's main business lines include traditional fuel vehicles and new energy vehicles (NEVs), with established brands such as CHANGAN, DEEPAL, and AVATR. Changan offers a diverse range of products, including proprietary models like the CS series and EADO series, as well as joint venture models with Changan Ford and Changan Mazda. In the NEV sector, the company has introduced various models, emphasizing its commitment to innovation and customer satisfaction. With a global sales network spanning 117 countries, Changan continues to strengthen its operations through strategic partnerships and emerging technologies, positioning itself as a competitive force in the automotive market.

1. Cultural leadership. The Company has consistently adhered to its historical cultural values and core spirit, characterized by being innovative and adaptive, open and inclusive, scientific and rational, resilient and unyielding. The Company continues to strengthen its role as a cultural leader within the organization. In 1981, responding to the national initiative to convert military technology for civilian use, the Company entered the automotive industry from scratch, laying the foundation for its future development. The second transformation phase began in 2003, during which the Company successfully expanded the passenger vehicle market and accelerated its globalization, achieving significant growth in both scale and technology. In 2017, the Company launched its third transformation phase, transforming into an intelligent low-carbon mobility technology company and sequentially introducing its three major strategic initiatives: the Green Plan, the Intelligent Plan and the Vast Ocean Plan. With the establishment of intelligent EV brands, including DEEPAL and AVATR, the Company is on its way to becoming a world-class automotive brand. Currently, the Company is implementing the "Changan Automobile Corporate Culture Development Plan (2026–2030)," updating the "Changan Automobile Leading Culture Philosophy 5.0," and developing the Changan Automobile Museum to further promote and preserve the Company's cultural legacy. The consistent corporate culture and core values continue to drive the Company as a leading Chinese automotive brand, guiding its upward trajectory and global ambitions. 2. Strategic planning and execution. The Company adheres to a strategic management framework guided by a ten-year vision, five-year plans, three-year programs, and annual budgets. Through systematic planning of the 15th Five-Year Plan, the Company continuously optimizes its strategic planning and strengthens the effectiveness of strategic execution. In the NEV sector, the Company completed capital increase for CATL-Changan EV Battery and DEEPAL Automobile. In collaboration with Talent New Energy, the Company successfully validated a prototype oxygen-polymer composite solid-state battery cell, achieving an energy density of 400 Wh/kg. The capacity expansion project at CATL-Changan EV Battery resulted in an additional 50 GWh of power battery production capacity. With regard to intelligent mobility, the Intelligent Plan 2.0 continues to advance while the Company actively promotes strategic financing rounds for Changan Technology. AI empowerment is central to the "11811" digital transformation plan, under which 11 transformation teams drive six major intelligent and digital initiatives. The Company released the Enterprise Data Architecture Blueprint 2.0 and established the Global Data Security Management Guidelines, reinforcing governance across its data ecosystem and accelerating digital transformation. The Changan SDA Intelligence technology brand was launched, extending safety from physical protection to a full-spectrum security approach. The Company obtained the first batch of Level 3 autonomous driving product permits and China's first dedicated Level 3 autonomous vehicle license plate. The Company is also actively developing strategic emerging technologies. It completed prototype verification of automotive ecosystem robots, finalized registration of an eVTOL joint venture, completed the development of a prototype test bench for in-vehicle optical communication and a prototype vehicle equipped with NearLink standard digital key. Globally, the Company's sales network now spans 117 countries and regions worldwide. It has established seven tiered parts centers at different levels, five service engineering centers, and four self-operated call centers, covering over 100 countries and regions. Over ten KD projects have entered mass production, with a dedicated KD project management system ensuring robust global production. The global logistics system has been continuously enhanced, and the Global Logistics One-Network 2.0 plan now covers major shipping routes and ports, improving domestic delivery efficiency by over 20%. The digital and intelligent supply chain is steadily taking shape, with supplier onboarding, strategy and pricing processes restructured to increase efficiency by 45%. The Global Purchasing Platform is fully operational, embedding AI agents to enhance supply transparency, streamline workflows, and maximize delivery efficiency. Through the continuous advancement of its three major strategic initiatives, the Company has entered a new phase of transformation. 3. Talent and organizational capability. The Company leverages its industrial chain synergies to strengthen the organizational foundation for developing new quality productive forces. It is systematically advancing the transformation of its global talent and organizational systems to unlock innovation and enhance organizational vitality. The Company's indirect controlling shareholder, China Changan Automobile Group, operates across the full automotive value chain, including research and development, manufacturing, trading, logistics, and ecosystem services, and possesses strong end-to-end automotive solution capabilities. By building integrated operating units that combine vehicle manufacturing, components, and service ecosystems, China Changan Automobile Group has established a collaborative system that supports both manufacturing and operational ecosystems. It has also developed a deeply integrated model featuring "vertical integration of technology, division of manufacturing expertise, and shared capacity platforms," enabling all business segments to evolve in a coordinated manner, strengthening internal synergies, and supporting the Company's ambition to become a world-class automotive brand. At the same time, China Changan Automobile Group continues to foster an open, collaborative, and mutually beneficial ecosystem for sustainable development. It is building a supply chain that is independent, secure, and reliable, while actively promoting the application of forward-looking technologies, industrial chain integration, and collaborative innovation across the supply chain. Strategic partnerships with leading global enterprises continue to deepen, providing a solid organizational foundation for the ongoing advancement of the Company's three major strategic initiatives. Internally, the Company is optimizing its organizational structure under the principle of "lean headquarters, business units, independent brands, and shared development." It is building group-level efficiency platforms and refining its organizational structure to better align with business needs. Overseas team development has been strengthened to enable localized operations in key markets. The Company continues to integrate internal platform resources to improve efficiency through shared services. The Company has also reformed its compensation, incentive, and accountability mechanisms, optimizing compensation structures and salary frameworks. It continues to strengthen its global talent pipeline through ongoing external recruitment, while enhancing support for international employees by improving policies related to overseas leave, safety allowances, and overall employee well-being. 4. Technology and R&D capabilities. The Company remains committed to innovation-driven development, continuously strengthening the supply of key and core technologies to support high-quality industrial growth.