Financial Performance - Revenue for the year ending December 31, 2025, was HKD 271,075,000, a decrease of 33.7% compared to HKD 408,591,000 in the previous year[4] - Gross profit for the same period was HKD 169,729,000, down 33.5% from HKD 255,128,000 year-on-year[4] - The net profit for the year was HKD 21,688,000, a significant decrease of 119.6% compared to a loss of HKD 110,562,000 in the previous year[4] - Total revenue for the year ended December 31, 2025, was CNY 271,075,000, a decrease of 33.7% compared to CNY 408,591,000 in 2024[5] - Gross profit for 2025 was CNY 169,729,000, down 33.5% from CNY 255,128,000 in 2024[5] - Net income for the year was CNY 21,688,000, compared to a net loss of CNY 110,562,000 in 2024[7] - Total comprehensive income for the year was CNY 14,248,000, compared to a total comprehensive loss of CNY 103,796,000 in 2024[7] Market Challenges - The company anticipates continued challenges in the market, impacting future performance and growth strategies[4] - The company is facing pressure on overall profits due to ongoing price competition in the industry[41] - The company is actively seeking new growth points amid industry challenges[41] Operational Metrics - The total number of used cars traded and serviced was 299,000, representing a decline of 27.4% from an estimated 412,000 in the previous year[4] - The company provided value-added services for approximately 141,000 used cars, a decrease of 34.6% compared to 206,000 in the previous year[4] - The number of used cars sold through auctions was around 17,000, down 31.6% from the previous year[4] - The total number of vehicles uploaded for auction was approximately 310,000, a decrease from about 394,000 in 2024[59] Revenue Breakdown - Revenue from second-hand car auction commissions and service fees was RMB 179,453 thousand in 2025, down from RMB 262,952 thousand in 2024, reflecting a decline of about 31.7%[16] - Revenue from second-hand car value-added services was RMB 42,059 thousand in 2025, compared to RMB 69,041 thousand in 2024, representing a decrease of approximately 39.1%[16] - Revenue from second-hand car sales arrangement was RMB 36,325 thousand in 2025, down from RMB 49,564 thousand in 2024, showing a decline of about 26.7%[16] Cost Management - Operating expenses, including selling and administrative expenses, totaled CNY 145,930,000, a decrease from CNY 214,466,000 in 2024[5] - The total cost of sales for the second-hand vehicle auction business was 82,366 thousand RMB, down from 118,039 thousand RMB, showing a reduction of approximately 30.2%[24] - Selling and distribution expenses decreased by 27.5% to RMB 58.3 million from RMB 80.4 million for the year ended December 31, 2024, mainly due to reduced payroll expenses from a decrease in personnel[76] Asset and Liability Management - Total non-current assets decreased to RMB 74,352 million in 2025 from RMB 92,074 million in 2024, representing a decline of approximately 19.2%[8] - Total liabilities for current liabilities were RMB 236,302 million in 2025, compared to RMB 262,285 million in 2024, reflecting a reduction of approximately 9.9%[9] - The company reported a cash and cash equivalents balance of RMB 827,464 million in 2025, down from RMB 1,046,599 million in 2024, a decrease of about 21%[8] Strategic Initiatives - The company is focusing on enhancing its service offerings and expanding its market presence to recover from the downturn[4] - The company plans to enter the overseas market in 2026, with the first batch of used cars expected to be shipped abroad in April, marking a significant step in its international expansion[48] - The company aims to enhance cooperation with new energy vehicle manufacturers to improve the assessment and trading capabilities of used new energy vehicles[68] Research and Development - Investment in research and development increased by 15.0% to HKD 12.5 million, up from HKD 8.2 million[110] - The company plans to enhance its digital tools using artificial intelligence for analyzing second-hand vehicle images, with an investment of HKD 2.4 million, representing a 2.4% increase[110] Corporate Governance - The company maintains a strong commitment to corporate governance and compliance with listing rules[100] - The audit committee believes that the consolidated financial statements comply with applicable accounting standards and regulations[104]

董事會會議召開日期 汽車街發展有限公司（「本公司」及其附屬公司「本集團」）董事會（「董事會」）兹通告 謹定於2026年3月31日（ 星期二 ）舉行董事會會議，以考慮及通過本集團截至2025 年12月31日止的全年業績及其刊發，宣派及派發年度股息（ 如有 ），以及處理其他 事項。 承董事會命 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 或任何部份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。 Autostreets Development Limited （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：2443） 汽 車 街 發 展 有 限 公 司 楊漢松先生 香港，2026年3月19日 於本公告日期，董事會成員包括(i)執行董事楊愛華先生、楊漢松先生、趙宏良先 生及高鵾女士；(ii)非執行董事Rob Huting先生及Yang Chuyu女士；及(iii)獨立非執 行董事王建平先生、李莫愁女士及嚴駿先生。 汽車 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 汽車街發展有限公司 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02443 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | 本月底法定/註冊股本總額： ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | | | 致：香港交易及結算所有限公司 公司名稱: 汽車街發展有限公司 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 02443 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 832,662,428 0 832,662,428 增加 / 減少 (-) 本月底結存 832,662,428 0 832,662,428 呈交日期: 2026年2月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02443 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 汽車街發展有限公司 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02443 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 832,662,428 | | 0 | | 832,662,428 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 832,662,428 | | 0 | | 832,662,428 | 呈交日期: 2026年1月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | -- ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 汽車街發展有限公司 本月底法定/註冊股本總額： USD 50,000 FF301 第 1 頁 共 10 頁 v 1.1.1 呈交日期: 2025年12月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02443 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 5,000,000, ...

Summary of Key Points Core Viewpoint - As of November 26, a total of 39 stocks reached their 52-week highs, with notable performances from Fire Rock Holdings (02975), Crocodile Garments (02977), and Aisuo Holdings (08585) showing significant increases in their high rates [1]. 52-Week Highs - Fire Rock Holdings (02975) achieved a closing price of 0.114 with a peak of 0.231, marking a high rate of 285.00% - Crocodile Garments (02977) closed at 0.085, reaching a high of 0.189, reflecting a high rate of 170.00% - Aisuo Holdings (08585) closed at 0.021, with a peak of 0.040, resulting in a high rate of 110.53% - Other notable stocks include: - Fulltech Electric Group Holdings (01750) with a high rate of 23.64% - Century United Holdings (01959) at 22.05% - Cassava Resources (00841) at 20.19% [1]. 52-Week Lows - The stock with the largest decline was Jia Jin Investment International (00310), which closed at 0.141, reaching a low of 0.137, resulting in a decline rate of -25.95% - Crown Central Properties (00193) closed at 0.168, with a low of 0.141, reflecting a decline rate of -18.02% - Lion Holdings (02562) had a closing price of 4.710, with a low of 4.680, showing a decline rate of -9.48% - Other significant declines include: - Huading Holdings (03398) at -7.14% - XL Two South Strategy - U (09799) at -5.96% [2].

Core Viewpoint - The stock price of Automobile Street (02443) has experienced significant volatility since its listing, with recent trends indicating a potential exit from the Hong Kong Stock Connect program due to its declining market capitalization [5][12]. Price Performance - Since reaching a peak of 5.11 HKD on July 18, the stock has entered a downward trend, with a recent low of 3.38 HKD observed on November 21 [1][2]. - The stock has been in a state of decline since its listing, with a drop of over 60% from its initial offering price of 10.2 HKD [1]. - Following a brief surge on October 8, where the stock price increased by 344% to 117 HKD, it has since returned to lower levels, with a significant drop of 44.44% on November 27 after a major lock-up expiration [1][5]. Technical Analysis - The stock is currently in a downward trend, with all moving averages showing a downward divergence, indicating a fundamental shift in the previous technical trend [2][3]. - The stock has entered an oversold territory, with a low profit-taking ratio of only 0.16%, suggesting a high level of trapped shares at an average price of 4.22 HKD [7][14]. Market Capitalization and Stock Connect Status - The average market capitalization of Automobile Street during the review period is 33.44 billion HKD, significantly below the 61.01 billion HKD threshold required for inclusion in the Hong Kong Stock Connect [5][6]. - The next review for the Hong Kong Stock Connect is scheduled for February 25, 2024, with a high likelihood that Automobile Street will be removed from the list due to its low market capitalization [5][6]. Trading Activity - Despite the downward trend, some investors are buying shares, with notable purchases from mainland investors through the Hong Kong Stock Connect, indicating a potential bet on a technical rebound [10][12]. - The largest buyers include China Investment (沪港通) and China Chuangying (深港通), holding 8.58% and 5.92% of the shares, respectively [10][11]. Historical Context - Historical data shows that stocks removed from the Hong Kong Stock Connect typically experience an average decline of 14.24% on the day of removal, indicating potential liquidity issues for Automobile Street if it is delisted [7][14].

Core Viewpoint - The stock price of Automobile Street (02443) has experienced significant volatility since its listing, with recent trends indicating a potential exit from the Hong Kong Stock Connect program due to its market capitalization falling below the required threshold [5][7]. Price Performance - Since reaching a peak of 5.11 HKD on July 18, the stock has entered a downward trend, with a recent low of 3.38 HKD observed on November 21 [2][11]. - The stock has been in a state of decline since its listing, with a drop of over 60% from its initial offering price of 10.2 HKD [1][5]. Technical Analysis - The stock is currently in a downward trend, with all moving averages showing a downward divergence, indicating a fundamental shift in the previous technical trend [2][3]. - The stock has entered an oversold territory, with a low profit-taking ratio of only 0.16%, suggesting a high level of trapped investors [8][15]. Market Capitalization and Stock Connect - The average market capitalization of Automobile Street during the review period is 33.44 billion HKD, significantly below the 61.01 billion HKD threshold for inclusion in the Stock Connect program [5][6]. - The next review for the Stock Connect program is scheduled for February 25, 2025, with the assessment period from January 1, 2025, to December 31, 2025 [5][6]. Trading Volume and Investor Behavior - The stock has seen a significant decrease in trading volume, with only five days in the past two months exceeding 500,000 shares traded, indicating a lack of market activity and investor interest [14]. - Despite the downward trend, some mainland investors are buying the stock, possibly speculating on a short-term technical rebound [11][13]. Potential Impact of Stock Connect Removal - If removed from the Stock Connect program, mainland investors will be unable to buy shares, potentially leading to increased selling pressure as approximately 14% of shares could be offloaded [15].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 FF301 第 1 頁 共 10 頁 v 1.1.1 致：香港交易及結算所有限公司 公司名稱: 汽車街發展有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02443 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 5,000,000,000 | USD | | 0.00001 | U ...