Zhong Guo Jing Ying Bao·2025-06-20 12:37Group 1: Employee Stock Ownership Plan - The chairman of GAC Group, Feng Xingya, addressed concerns regarding the employee stock ownership plan of GAC Aion, stating that the principal and interest involved must be repaid as agreed, regardless of the company's listing progress [2] - Employees who leave the company can withdraw from the stock ownership plan, but repayment will only occur after the lock-up period ends in 2027, based on the previous year's net asset valuation, which may lead to potential losses for some employees [2] - The company is willing to assist employees facing financial difficulties, with most current employees experiencing manageable repayment pressures [2] Group 2: Listing and Development Strategy - Feng acknowledged that GAC Aion is currently facing challenges regarding its listing process, particularly due to declining sales in 2024 influenced by new policies and increased competition in the electric vehicle sector [3] - The company is exploring multiple development paths beyond just listing, including the possibility of GAC Group increasing its stake in Aion through a capital increase [3] - GAC Aion has set three main development goals: seeking listing opportunities, expanding capital through financing, and promoting shareholder dividends [4] Group 3: Brand Positioning and Market Strategy - GAC Aion aims to position itself in the mid-to-high-end market, specifically targeting a price range of 200,000 to 300,000 yuan [4] - The relationship between GAC Aion and its sub-brand Haobo has been clarified, with Haobo being a key development focus that will support Aion's performance growth [4] - Recent rumors regarding executives withdrawing from the stock ownership plan have been firmly denied by Feng, emphasizing that the current equity structure remains unchanged [4] Group 4: Communication and Future Outlook - Feng urged all employees to maintain confidence in the company, highlighting the importance of collective resilience in facing market changes [5] - The company plans to explore diversified capital paths in line with its development pace, with updates to be communicated through GAC Group [5]