Core Viewpoint - Autohome Inc. has undergone a significant change in its ownership structure and management following the completion of a share transfer agreement, resulting in CARTECH becoming the controlling shareholder and several key management changes within the company [1][2][3]. Ownership Changes - Following the share transfer, Yun Chen Capital Cayman now holds 23,916,500 ordinary shares, approximately 5.1% of the total shares, and has ceased to be the controlling shareholder [2][10]. - CARTECH has acquired 200,884,012 ordinary shares, representing approximately 43.0% of the total shares, thus becoming the new controlling shareholder of Autohome [2][10]. Management Changes - Mr. Song Yang has resigned as Director and CEO, taking on the role of Senior Vice President [3]. - Ms. Keke Ding and Dr. Fan Lu have also resigned from their positions as Directors [3]. - Mr. Chi Liu has been appointed as the new Chairman of the Board, CEO, and Director, along with several other new appointments to the Board [4]. New Board Appointments - The new Board includes Mr. Haishan Liang, Ms. Cuimei Zhang, Mr. Shenglei Zhou, and Mr. Xing Fang, all of whom bring extensive experience and qualifications relevant to their roles [4][5][6][7][8][9]. - A Compliance Management Committee has been formed to oversee compliance and risk management systems, chaired by Ms. Cuimei Zhang [4]. Company Overview - Autohome Inc. is a leading online platform for automobile consumers in China, providing a range of services including content generation, automobile listings, and transaction facilitation [11].

Core Viewpoint - Automotive Home has made significant progress in sustainable development, achieving a total score of 42 in the S&P Global Corporate Sustainability Assessment (ESG CSA), marking the third consecutive year of improvement and outperforming nearly 87% of its peers globally [1][2] Group 1: ESG Assessment Results - Automotive Home's score of 42 reflects its strong performance in corporate governance, financial stability, environmental management, and social responsibility [1] - The S&P Global ESG rating (CSA) is one of the largest and oldest corporate sustainability assessments globally, with over 3,600 companies participating in 2024 [1] - The CSA evaluation measures various aspects such as corporate transparency, environmental governance, information disclosure, management coverage, performance, and external verification [1] Group 2: Commitment to Sustainable Development - The company has embedded sustainable development principles into its corporate strategy, continuously advancing its ESG framework [2] - Automotive Home has made breakthroughs in AI technology applications and the construction of a one-stop O2O automotive consumption ecosystem, driving digital transformation and green development in the automotive industry [2] - The continuous improvement in scoring is a strong testament to the company's solid achievements in sustainable development and its commitment to long-termism [2]

Group 1 - The core achievement of the company is the continuous improvement in its ESG score, achieving a total score of 42, which places it ahead of nearly 87% of its global peers [1][2] - The S&P Global ESG rating (CSA) is one of the largest and oldest corporate sustainability assessments, with over 3,600 companies participating in 2024 [1] - The assessment evaluates various aspects such as corporate transparency, environmental governance, information disclosure, and performance, which are crucial for constructing the S&P Global ESG Index [1] Group 2 - The company integrates sustainable development into its corporate strategy, focusing on environmental governance, social responsibility, and corporate governance [2] - The company is making significant advancements in AI technology applications and the construction of a one-stop O2O automotive consumption ecosystem, driving digital transformation and green development in the automotive industry [2] - The continuous rise in the ESG score reflects the company's solid achievements in sustainable development and its commitment to long-termism [2]

Core Viewpoint - The "818 Global Car Purchase Festival" has evolved into a significant automotive industry event, emphasizing genuine benefits and subsidies to stimulate consumer demand, while showcasing the integration of AI technology in the automotive ecosystem [2][3][6][7]. Online Activities - This year's festival focuses on subsidies, offering users up to 10,000 yuan in purchase subsidies and various brand subsidy blind boxes, alongside a wide selection of quality used cars [3][4]. - The event features live broadcasts with hosts and automotive executives providing insights and recommendations, enhancing user engagement and interaction [3][6]. Offline Activities - The festival extends its benefits to over 200 cities through new retail stores, providing a one-stop shopping platform with AI-driven services for a seamless car buying experience [4][6]. - The "818 Car Exhibition" integrates automotive displays with cultural events, attracting regional users and enhancing brand visibility [4][6]. AI Integration - The automotive industry is undergoing significant transformation, with a focus on leveraging AI to reduce costs and improve efficiency, addressing the challenges of declining profit margins [7][12]. - The "All in AI" strategy aims to enhance user experience across the entire car buying process, utilizing AI models and algorithms for better decision-making [8][12]. Performance Metrics - The average retail price of cars in China is projected to decline by approximately 5.6% in 2023 compared to 2022, and by another 8% in 2024, leading to a significant reduction in overall retail revenue [7][12]. - The self-developed Cangjie model by the company scored 72.96 in a recent evaluation, outperforming competitors and demonstrating the effectiveness of its AI capabilities [12]. International Expansion - The company has launched an English version of its website, featuring data on over 1,000 car models from more than 50 Chinese automotive brands, facilitating international consumer access [13][14]. - The establishment of overseas retail spaces aims to support Chinese brands in entering global markets more efficiently and cost-effectively [14].

Core Viewpoint - The automotive industry is undergoing a deep adjustment period, and the "818 Global Car Purchase Festival" organized by Autohome is injecting vitality into the sector through "real benefits and subsidies" and "AI innovation" [1][6]. Group 1: AI Empowerment in the Automotive Industry - Autohome has launched an AI smart assistant that integrates a vast database of vehicle models, reviews, and user feedback, allowing users to receive tailored vehicle recommendations through conversational queries [2]. - The company has developed an "AI toolkit" that includes various AI-driven solutions to assist manufacturers and dealers in improving efficiency and reducing costs, emphasizing that AI enhances rather than replaces human efforts [2]. - Autohome's self-developed Cangjie model has outperformed general models in automotive knowledge assessments, achieving a score of 72.96, which is 13.63 points higher than the second place, thanks to its extensive data analysis capabilities [3]. Group 2: Global Expansion and O2O Ecosystem - Autohome is addressing the challenges of electric vehicle accessibility by establishing a network of "space stations and car exhibitions" across over 200 cities, facilitating a seamless online-to-offline (O2O) experience for consumers [4]. - The company has launched its overseas website, covering countries such as Thailand, Saudi Arabia, the UK, Australia, and Brazil, providing comprehensive information on Chinese automotive brands to international users [5]. - Autohome aims to eliminate information barriers for overseas users regarding Chinese vehicles and provide robust digital support for Chinese brands entering foreign markets, evidenced by a 40% improvement in user profiling accuracy for a domestic brand in the Middle East [5]. Group 3: Strategic Transformation Goals - The ultimate goal of Autohome is to become the "intelligent hub" of the automotive industry, transitioning from a media platform to a comprehensive automotive technology ecosystem, and redefining the concept of the automotive ecosystem [6].

Core Viewpoint - The automotive industry is undergoing a deep adjustment period, and the "818 Global Car Purchase Festival" organized by Autohome is injecting vitality into the sector through "real benefits and real subsidies" and "AI innovation" [1] Group 1: AI Empowerment - Autohome is fully advancing its "All in AI" strategy, focusing on intelligent car selection, purchase decision assistance, and smart marketing to create a comprehensive AI empowerment system [1][2] - The company has launched an AI smart assistant that integrates a vast database of car models, evaluations, and user feedback, providing precise recommendations based on user queries [2] - Autohome's self-developed Cangjie model has surpassed general models in understanding capabilities within the automotive vertical, achieving a score of 72.96 in the SuperCLUE evaluation, leading the automotive knowledge assessment by 13.63 points [3] Group 2: O2O Ecosystem and Global Strategy - Autohome is building an "O2O car ecosystem" and a global strategy to expand its boundaries, addressing the convenience of car viewing amid the rise of electric vehicles [5] - The company has established a network covering over 200 cities with "space stations and car exhibitions," facilitating a seamless connection from online information to offline transactions [5] - Autohome's overseas website launched on June 30, 2025, aims to eliminate information barriers for overseas users regarding Chinese car models, enhancing the accuracy of user profiles by 40% in the Middle East market [6] Group 3: Transformation and Future Goals - The company is transforming the automotive consumption decision-making process through AI and ecological collaboration, aiming to redefine the "automotive ecosystem" [7] - Autohome's ultimate goal is to become the "smart hub" of the automotive industry, transitioning from a media platform to an automotive technology ecosystem platform [7]

Core Insights - The 818 Global Car Purchase Festival by Autohome is themed "Remembering the AI Future" and aims to boost car consumption in line with national policies, providing a one-stop service for consumers from online selection to offline experience and transaction [1][2] - Autohome has allocated 30 million yuan in direct subsidies for this year's festival, combining national, local, and manufacturer subsidies to lower the purchase threshold for consumers [2] - The festival marks the 20th anniversary of Autohome, which plans to leverage partnerships with major automotive brands and platforms to enhance consumer engagement and create a win-win situation for consumers, merchants, and the platform [1][2] Industry Context - The automotive industry is undergoing a significant transformation towards electrification and intelligence, with increasing competition in the traditional fuel vehicle market leading to price wars and declining profits for manufacturers [2] - Consumer purchasing decisions are becoming more cautious due to macroeconomic pressures, prompting Autohome to implement purchase subsidies to stimulate demand and assist manufacturers in managing inventory [2] Technological Advancements - Autohome is implementing an "All in AI" strategy to enhance the car buying experience, utilizing AI assistants for 24/7 consumer inquiries and innovative technologies for product visualization [3] - The company has developed five AI-driven marketing products that create a comprehensive marketing loop, significantly improving marketing efficiency for manufacturers [3][4] Global Expansion - Autohome's overseas version launched on June 30, 2023, aims to connect Chinese automotive brands with international markets, covering key regions such as Asia, Europe, Oceania, and South America [4][5] - The festival also serves as a platform to showcase Chinese automotive brands to the global audience, enhancing their international market presence [5] Strategic Importance - The 818 Global Car Purchase Festival is positioned as a key infrastructure and innovation engine for the high-quality development of the Chinese automotive industry, emphasizing technology empowerment, consumption upgrades, and global brand expansion [5]

Core Viewpoint - The company has extended its share repurchase plan until December 31, 2025, following the approval of its board of directors [1] Group 1: Share Repurchase Plan - As of August 8, 2025, the company has repurchased 5.4226 million American Depositary Shares at a total cost of approximately $144 million [1] - The proposed repurchase may occur through various methods including open market transactions, private negotiations, block trades, and other legally permitted means, depending on market conditions [1] - The board will regularly review the extended share repurchase plan and may adjust its terms and scale, or suspend or terminate the plan [1] Group 2: Financial Strategy - The company plans to utilize existing funds for the share repurchase [1]

取决于市场状况并根据适用的规则及法规，公司通过延长股份回购计划的拟议回购可能不时按现行市价 透过公开市场交易、私下协商交易、大宗交易及╱或透过其他法律允许的方式进行。董事会将定期审查 批准延长的股份回购计划，并可能批准调整其条款及规模，或暂停或终止该计划。公司计划利用现有资 金进行回购。 汽车之家-S(02518)发布公告，于北京时间2025年8月14日，公司宣布其董事会已批准将股份回购计划期 限延长至2025年12月31日。截至2025年8月8日，公司已回购542.26万份美国存托股，总成本约为1.44亿 美元。 ...

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，並明確表示概不會就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。 Autohome Inc. 汽車之家* （於開曼群島註冊成立的有限公司） （股份代號：2518） 內幕消息 延長股份回購計劃 本公告乃由Autohome Inc.（「本公司」）根據香港聯合交易所有限公司證券上市規則（「上市 規則」）第13.09條及第13.10B條以及香港法例第571章《證券及期貨條例》第XIVA部項下之 內幕消息條文（定義見上市規則）刊發。 茲提述本公司日期為2024年9月4日有關本公司董事會（「董事會」）批准一項股份回購計劃 （「股份回購計劃」），自同日起生效的公告。根據股份回購計劃，本公司可於未來12個月 內回購價值高達200百萬美元的股份（包括美國存託股）。 於北京時間2025年8月14日，本公司宣佈其董事會已批准將股份回購計劃期限延長至2025 年12月31日。截至2025年8月8日，本公司已回購5,422,647份美國存託股，總成本約為144 百萬美元。 取決於市場狀況並根據適 ...