Group 1 - Chery Automobile Co., Ltd. officially launched its IPO on September 17, with the offering period running until September 22, and plans to list on the Hong Kong Stock Exchange on September 25 [1] - The company is offering 297 million H-shares globally, with 10% allocated for Hong Kong and 90% for international investors, along with a 15% over-allotment option [1] - The price range for the shares is set between HKD 27.75 and HKD 30.75, with an estimated fundraising amount between HKD 8.241 billion and HKD 9.132 billion [1] Group 2 - Chery plans to allocate 35% of the net proceeds for research and development of various passenger car models, 25% for next-generation vehicles and advanced technologies, 20% for expanding overseas markets, 10% for enhancing production facilities, and 10% for working capital and general corporate purposes [1] - Financial projections indicate that Chery's revenue will grow from CNY 92.618 billion in 2022 to CNY 269.897 billion in 2024, with net profit increasing from CNY 5.806 billion to CNY 14.334 billion [1] - In the first quarter of 2025, Chery reported revenue of CNY 68.223 billion and a net profit of CNY 4.726 billion [1] Group 3 - The successful listing of Chery marks the completion of the IPO journey for all major traditional Chinese independent automotive brands, after over 20 years of attempts and setbacks [2]

Group 1: Digital Transformation and Industry Upgrades - The Ministry of Industry and Information Technology of China issued guidelines for the digital transformation of key industries, including 14 industry scenario maps for 2025, such as new energy vehicles and lithium batteries [2] - Henan Province's action plan aims to enhance the new energy vehicle industry through AI algorithms, focusing on high-performance batteries and intelligent manufacturing [3] - Suzhou's action plan targets the establishment of over 3,000 AI companies by the end of 2026, with an annual growth rate of over 20% in the smart economy sector [4] Group 2: Automotive Industry Inventory and Trends - As of the end of August 2025, the national passenger car inventory in China was 3.16 million units, a decrease of 130,000 units from the previous month, with a notable reduction in dealer inventory [5] Group 3: International Automotive Developments - The U.S. government announced a reduction in import tariffs on Japanese cars to 15% effective September 16 [6] - Ford plans to lay off 1,000 employees at its Cologne plant in Germany by early 2026 [7] - Hyundai's labor union reached a wage agreement, increasing the basic monthly salary by 100,000 KRW (approximately 513.2 CNY) [8] Group 4: Corporate News and Strategic Moves - Changan Automobile signed a strategic cooperation agreement with China Guoxin to deepen collaboration in investment and technology innovation [12] - Dongfeng Honda announced leadership changes within its management team [13] - Chery Automobile plans to open its subscription for IPO on September 17, targeting a valuation of 140 billion HKD [14] - Huawei and GAC Toyota's collaboration will upgrade to a full-stack solution, with plans to launch three new models within two years [15] - A new pilot factory for solid-state batteries by SK On is established, aiming for commercialization by 2029, one year ahead of the original target [11] - A third-generation semi-solid battery by Funeng Technology is planned for mass production in 2026 [16] - Hesai Technology successfully listed on the Hong Kong Stock Exchange, achieving a market capitalization exceeding 36 billion HKD [17]

Group 1 - Chery Automobile plans to globally offer 297 million shares, with 29.74 million shares for Hong Kong and 268 million shares for international sale, along with an overallotment option of 44.61 million shares [1] - The subscription period is from September 17 to September 22, with a maximum offer price of HKD 30.75 per share and an entry fee of approximately HKD 3,106 [1] - The total expected fundraising amount is HKD 8.699 billion, with a net amount of HKD 8.441 billion, aimed at R&D for various passenger car models, next-generation vehicles, advanced technologies, overseas market expansion, and enhancing production facilities in Wuhu, Anhui [1] Group 2 - The company has introduced cornerstone investors including JSC International Investment Fund SPC, HHLR Advisors, Shanghai Jinglin Asset Management, CICC Financial Trading, Huangshan Jiantou, and Jinghui Ruiying, with a minimum subscription of approximately 149 million shares at the offer price [2] - Chery Automobile is expected to be listed on the main board by September 25, 2025, with China International Capital Corporation, Huatai Financial Holdings, and GF Securities as joint sponsors [2] - The company reported net profits of CNY 11.953 billion, CNY 14.135 billion, and CNY 4.650 billion for the fiscal years 2023, 2024, and the first quarter of 2025, reflecting year-on-year changes of 90.76%, 18.25%, and 71.46% respectively [2]

（於中華人民共和國註冊成立的股份有限公司） 全球發售 股份代號 :9973 聯席保薦人、保薦人兼整體協調人、整體協調人、 聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 整體協調人、聯席全球協調人、聯席賬簿管理人及聯席牽頭經辦人 聯席賬簿管理人及聯席牽頭經辦人 重要提示 重要提示：如 閣下對本招股章程的任何內容有任何疑問， 閣下應尋求獨立專業意見。 Chery Automobile Co., Ltd. 香港交易及結算所有限公司、香港聯合交易所有限公司以及香港中央結算有限公司對本招股章程的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本招股章程全部或任何部分內容而產生或因依賴該等內容而引致的任何損失 承擔任何責任。 本招股章程副本連同本招股章程附錄七「送呈公司註冊處處長及展示文件」一節所指定文件，已根據香港法例第32章公司（清盤 及雜項條文）條例第342C條的規定送呈香港公司註冊處處長登記。香港證券及期貨事務監察委員會及香港公司註冊處處長對本 招股章程或上述任何其他文件的內容概不負責。 預期發售價將由整體協調人（代表包銷商）與我們於定價日通過協議釐定。定價日預期為2025年9月23日（星 ...

香港發售股份將根據招股章程所載條款及條件於香港向公眾人士提呈發售。香港發售股份將不 會向香港境外及╱或並非香港居民的任何人士提呈發售。發售股份的潛在投資者務請注意，倘 於上市日期上午八時正（香港時間）之前任何時間發生招股章程「包銷－包銷安排及開支－香港 公開發售 － 終止理由」一節所載任何事件，聯席保薦人及整體協調人（為其本身及代表香港包 銷商）有權立即終止其根據香港包銷協議須承擔的責任。 香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）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 概不會就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。 本公告不得直接或間接於或向美國（包括其領土及屬地、美國任何州以及哥倫比亞特區）發佈、 刊發或派發。本公告並不亦無意構成或組成在美國境內或於任何其他司法管轄區購買或認購 證券任何要約或招攬的一部分。發售股份並無亦不會根據《1933年美國證券法》（經不時修訂） （「美國證券法」）或美國任何州或其他司法管轄區的證券法登記，且不得於美國境內提呈發售、 出售、質押或以其他方 ...