QINGLING MOTORS has issued a circular calling for shareholder approval of seven renewed or new continuing connected-party agreements that will govern core supplies, sales and services for 2026-2028.

Key Agreements & Proposed Annual Caps 1. Chassis Supply Agreement – Sale of chassis to Qingling Group and its unit Qingling Zhuanyong; annual caps: RMB 275.49 million (2026), RMB 393.56 million (2027), RMB 432.92 million (2028).

2. Parts Supply Agreements – Purchase of stamping, casting, forging, axles, seats, plastics and related services/leases from Qingling-affiliated parts makers; aggregate caps: RMB 1.52 billion, RMB 2.18 billion, RMB 2.46 billion.

3. Zhuanyong Moulds Supply Agreement – Purchase of moulds and processing services; caps: RMB 3.00 million, RMB 5.00 million, RMB 8.00 million.

4. Hydrogen-Powered Modules Supply Agreement with Bosch JV – Procurement of fuel-cell modules; caps: RMB 988.71 million, RMB 1.76 billion, RMB 2.59 billion.

5. Bosch Sales Agreement – Sale of gearbox sub-assemblies to Bosch JV; caps: RMB 326.47 million, RMB 668.19 million, RMB 1.12 billion.

6. Supply Agreement with Isuzu-China Engine JV – (i) Engine parts/raw materials to IEC: caps of RMB 445.20 million, RMB 530.60 million, RMB 637.00 million; (ii) Engines/parts from IEC: caps of RMB 1.10 billion, RMB 1.34 billion, RMB 1.61 billion.

7. Autoparts & Materials Agreement – Supply of scrap metal, semi-finished parts and crafting materials to nine Qingling autoparts subsidiaries; caps: RMB 204.32 million, RMB 324.73 million, RMB 357.87 million.

Governance & Timetable • Independent shareholders will vote at an extraordinary general meeting on 15 May 2026 in Chongqing. • Controlling shareholder Qingling Group (50.10% stake), substantial shareholder Isuzu (20.00%) and their associates will abstain from voting. • An Independent Board Committee recommends approval; Halcyon Capital Limited is the independent financial adviser.

All agreements run from 1 January 2026 to 31 December 2028 and are renewable subject to future approvals. The Board states that pricing follows market benchmarks or cost-plus margins (capped at 8% or 10% as applicable) and that the deals will secure key supplies, support new-energy vehicle expansion and optimise resource utilisation.