Guangzhou Automobile Group Co., Ltd. (the “Company”) held its 2026 first extraordinary general meeting (EGM) on January 23, 2026. According to the announcement, Shareholders and proxies representing 6,146,285,901 voting Shares attended the meeting, accounting for approximately 60.36% of the 10,182,266,046 total Shares with voting right. All resolutions considered were approved by poll, including the election of a Director and amendments to relevant governance rules.

The meeting endorsed the appointment of Mr. Xia Xianqing as an executive Director commencing January 23, 2026, until the conclusion of the seventh session of the Board. Mr. Xia, 52, currently serves as a director and general manager of the Company, as well as holding several leadership roles in subsidiaries engaged in automobile manufacturing and related businesses. According to the announcement, Mr. Xia owns 110,300 A Shares of the Company and holds 360,000 A Share options. He will receive remuneration linked to overall operating performance.

The announcement further highlights that the EGM was conducted in accordance with the PRC Company Law and the Articles of Association. The total number of issued and fully paid-up Shares was reported at 10,197,065,900, of which 14,799,854 were treasury Shares excluded from voting. No Shareholders were required to abstain from voting, and no parties had stated any intention to vote against or abstain from the proposed resolutions.