Yadea Group Holdings Ltd. 雅迪集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：1585） NOTIFICATION LETTER 通知信函 Dear Non-Registered Shareholders, 26 September 2025 Yadea Group Holdings Ltd. (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.yadea.com.cn and the website of The Stoc ...

Yadea Group Holdings Ltd. 雅迪集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：1585） NOTIFICATION LETTER 通知信函 – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") Dear Registered Shareholders, Yadea Group Holdings Ltd. (the "Company") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.yadea.com.cn and the website of The Stock Exchange of Hong ...

（於開曼群島註冊成立的有限公司） 股份代號：1585 2025 中期報 告 (Incorporated in the Cayman Islands with limited liability) Stock Code: 1585 2025 INTERIM REPORT 目錄 2 公司資料 4 管理層討論及分析 10 企業管治及其他資料 20 簡明綜合損益表 21 簡明綜合損益及其他全面收益表 22 簡明綜合財務狀況表 24 簡明綜合權益變動表 25 簡明綜合現金流量表 26 簡明綜合財務資料附註 雅迪集團控股有限公司 2025 年 中 期 報 告 公司 資料 董事會 執行董事： 董經貴先生 （主席） 錢靜紅女士 （行政總裁） 沈瑜先生 非執行董事： 張禕胤先生（於2025年4月29日辭任） 獨立非執行董事： 黃隆銘先生 陳明宇先生 馬晨光女士 梁勤女士 董事委員會 審核委員會 陳明宇先生 （主席） 黃隆銘先生 張禕胤先生（於2025年4月29日辭任） 馬晨光女士 梁勤女士 薪酬委員會 馬晨光女士 （主席） 張禕胤先生（於2025年4月29日辭任） 黃隆銘先生 梁勤女士 提名委員會 董經貴先生 （主席） 錢靜紅 ...

Core Viewpoint - The implementation of the new national standard for electric bicycles (GB17761-2024) starting September 1, 2024, introduces strict speed limit regulations, requiring automatic power cut-off for speeds exceeding 25 km/h, marking a significant shift in the industry towards safety and regulation compliance [1][2]. Group 1: Speed Limitation and Price Increase - The new standard has led to a surge in prices for existing models, with reports of price increases ranging from 200 to 1000 yuan for older models as dealers clear inventory before the new regulations take full effect [2][3]. - The new regulations not only impose speed limits but also introduce additional requirements, such as limiting the total plastic weight of electric bicycles to no more than 5.5% of the total vehicle weight, which may further increase production costs [2][3]. - The design of new electric bicycles is expected to shift towards single-rider configurations, potentially reducing carrying capacity and altering consumer expectations [2][3]. Group 2: Impact on Delivery Riders - The electric bicycle market has approximately 380 million units in circulation, with a significant portion used by delivery riders, whose income is closely tied to speed and efficiency [5][6]. - The new speed regulations may hinder delivery riders' ability to meet tight deadlines, as many rely on modified bicycles that can exceed the new speed limits [5][6]. - The rise in traffic accidents involving delivery riders, particularly those caused by speeding, highlights the urgent need for regulatory compliance and safety measures in the industry [5][6]. Group 3: Market Dynamics and Industry Restructuring - The transition to the new standard is expected to lead to a market reshuffle, with a notable decline in sales projected for 2024, estimated at 49.5 million units, a decrease of 11.6% year-on-year [9][10]. - Major brands have reported significant sales declines in 2024, with Yadea's sales dropping by 21.18% to 13.02 million units, indicating the challenges faced by the industry during this transition [10]. - Despite the downturn, many leading companies have shown strong performance in the first half of the year, with double-digit revenue growth, suggesting a potential recovery as the market adapts to the new regulations [11][12]. Group 4: Future Outlook and Industry Evolution - The new standard is anticipated to drive the electric bicycle industry towards higher safety standards and technological advancements, with an emphasis on smart features and higher price points [11][12]. - The shift from speed to safety represents a broader transformation in urban mobility and management, indicating a future where electric bicycles are integrated into a more regulated and safer transportation ecosystem [12].

Core Insights - The Ministry of Industry and Information Technology (MIIT) has released the third batch of companies that meet the "Electric Bicycle Industry Normative Conditions," with five companies from Jiangsu province making the list, leading the nation in total entries [2][4] - The "white list" signifies quality assurance for consumers, as listed companies undergo rigorous evaluation processes, ensuring their products meet national standards [2] - The implementation of the new national standard and the "old-for-new" policy is expected to enhance industry concentration and stimulate demand for "white list" companies [2][4] Group 1: Industry Overview - A total of 13 companies are included in the third batch of the "white list," with six brands, including Ninebot, Niu, and JinJian, making their debut on the list [4] - The cumulative total of the three batches of the "white list" now includes 19 brands and 44 factories, with Yadea and Aima leading with six factories each [4] - The new national standard, effective from September 1, 2025, mandates strict speed limit features for new electric bicycles, significantly impacting market dynamics [4] Group 2: Market Impact - Following the announcement of the new national standard, there has been a surge in sales for existing electric bicycle models, indicating a market shift as older models are being purchased rapidly [4] - The "white list" companies are positioned to gain a competitive advantage during this market reshuffle, as new models have yet to be released [4]

Group 1 - Yadea Holdings (01585) announced the appointment of Deloitte as the new auditor, effective from September 22, 2025 [1] - The appointment follows the resignation of PricewaterhouseCoopers and is intended to fill the temporary vacancy [1] - Deloitte will serve until the conclusion of the next annual general meeting of the company [1]

Group 1 - Yadea Holdings (01585) announced the appointment of Deloitte as the new auditor, effective from September 22, 2025 [1] - The appointment follows the resignation of PricewaterhouseCoopers, filling the temporary vacancy [1] - Deloitte will serve until the conclusion of the next annual general meeting of the company [1]

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 部分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。 Yadea Group Holdings Ltd. 雅迪集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1585） 承董事會命 雅迪集團控股有限公司 主席 董經貴 香港，2025年9月22日 於本公告日期，董經貴先生、錢靜紅女士及沈瑜先生為本公司執行董事；及黃隆銘 先生、陳明宇先生、馬晨光女士及梁勤女士為本公司獨立非執行董事。 委任核數師 茲提述雅迪集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）日期為 2025年8月13日的公告（「該公告」），內容有關辭任及建議委任核數師。除另有界定 者外，本公告所用詞彙與該公告所界定者具有相同涵義。 董事會謹此宣佈，根據審核委員會的推薦建議，德勤已獲委任為本公司的新任核數 師，自2025年9月22日起生效，以填補羅兵咸永道辭任後的臨時空缺，並任職至下 屆本公司股東週年大會結束為止。 ...

Group 1 - Yadea, the largest electric two-wheeler manufacturer globally, is set to enter the Japanese market in November with a model priced approximately 30% lower than competitors like Honda [1] - The entry coincides with Japan tightening motorcycle emissions regulations, which require significant reductions in carbon monoxide and nitrogen oxide emissions, similar to European standards [1] - Local manufacturers plan to cease production of existing two-wheelers by the end of October, with Yamaha being the only company to announce a compliant gasoline model release date in the first half of 2026 [1] Group 2 - Yadea has rapidly captured the domestic market in China since its establishment in the early 21st century, leveraging price advantages and self-developed battery and motor technologies [2] - The company is expanding its sales network to over 100 countries, benefiting from mature lithium battery technology and smart experiences that appeal to foreign consumers [2] - Despite its strengths, Yadea faces challenges in overcoming Japanese consumers' perceptions and establishing a reliable brand image, which will require long-term investment and management [2]

Core Insights - The 2025 China Motorcycle Chongqing Forum emphasized the theme "Gathering Strength, Breaking Through" and aimed to discuss the future of the motorcycle industry with representatives from various enterprises [1] - The forum highlighted Chongqing's status as a global motorcycle hub, showcasing significant achievements in industry scale, export performance, corporate strength, product structure, and industrial ecology [6][8] - The event featured discussions on the transformation of the motorcycle industry, focusing on innovation, brand building, and international market expansion [8][10] Industry Overview - Chongqing's motorcycle industry has evolved significantly, characterized by larger scale, better export trends, stronger corporate capabilities, improved product structures, and a more complete industrial ecosystem [6] - The global motorcycle industry is entering a growth cycle, with China transitioning from a manufacturing powerhouse to a strong manufacturing nation, particularly in smart and electric vehicles [8] - The domestic market is experiencing dual upgrades in consumer demand for both livelihood and recreational use, while international markets in regions like Asia, Africa, and Latin America present vast opportunities [8] Challenges and Recommendations - The industry faces challenges such as global economic uncertainty, trade protectionism, and internal competition [8] - Recommendations include focusing on independent innovation, enhancing brand building, expanding international markets, and strengthening industry self-discipline [8] Market Trends - The motorcycle market in Mexico is projected to grow, with significant increases in ownership and sales, particularly in electric motorcycles [19] - The Mexican motorcycle market is expected to reach a value of $3.36 billion, with a notable increase in imports from China [19] Strategic Discussions - The forum included discussions on long-term strategies versus opportunistic approaches, emphasizing the need for balance in the face of industry challenges [20] - Participants highlighted the importance of adhering to long-term visions while adapting to market changes, with a focus on quality and innovation [22] Future Directions - The forum concluded with a call for collaboration and consensus among industry players to address challenges and seize opportunities, particularly in the context of new national standards and market dynamics [38] - The motorcycle industry is expected to continue evolving with a focus on electric and smart technologies, driven by changing consumer preferences and regulatory frameworks [38]