东风汽车股份有限公司 董事会提名委员会工作细则 （2025 年 10 月修订） 第一章 总则 第一条 为规范东风汽车股份有限公司（以下简称"公司"）董事 和高级管理人员的选聘，优化董事会及经营层的组成，完善公司治理结 构，根据《上市公司治理准则》、《上市公司独立董事管理办法》、《东 风汽车股份有限公司章程》（以下简称"《公司章程》"）及其他有关 规定，公司特设立董事会提名委员会，并制定本工作细则。 第六条 提名委员会任期与董事会任期一致，委员任期届满，连选 可以连任，其间如有委员不再担任公司董事职务，自动失去委员资格， 并由委员会根据第三至第五条规定补足委员人数。经董事会审议通过， 可对委员会委员在任期内进行调整。 第三章 职责权限 第七条 提名委员会负责拟定董事、高级管理人员的选择标准和程 序，对董事、高级管理人员人选及其任职资格进行遴选、审核，对被提 名人的任职资格形成明确的审查意见，并就下列事项向董事会提出建议： （一）提名或者任免董事； 第二条 董事会提名委员会是董事会设立的专门工作机构，主要负 责对公司董事和高级管理人员的人选、选择标准和程序进行研究并提出 建议，对董事会负责。 第二章 人员组成 第 ...

东风汽车股份有限公司 内幕信息知情人登记备案制度 （2025 年 10 月修订） 第一章 总则 第一条 为规范东风汽车股份有限公司(以下简称"公司")的内幕信 息管理行为，加强内幕信息保密工作，以维护信息披露公平原则，根据 《中华人民共和国公司法》、《中华人民共和国证券法》（以下简称"《证 券法》"）、《上市公司信息披露管理办法》、《上市公司监管指引第 5 号—— 上市公司内幕信息知情人登记管理制度》、《上海证券交易所股票上市规 则》、《上海证券交易所上市公司自律监管指引第 2 号——信息披露事务 管理》等有关法律、法规和《东风汽车股份有限公司章程》（以下简称"《公 司章程》"）、《东风汽车股份有限公司信息披露事务管理制度》的有关规 定，结合公司实际情况，制定本制度。 第二条 公司内幕信息管理工作由董事会负责，董事长为主要责任人， 董事会秘书组织实施。当董事会秘书不能履行职责时，由证券事务代表 代行董事会秘书的职责。 第三条 公司证券事务管理部门协助董事会秘书、证券事务代表具体 负责公司内幕信息的监督、管理、登记、披露及备案等相关工作。 第四条 未经董事会批准同意，公司任何部门和个人不得向外界泄露、 报道、传 ...

东风汽车股份有限公司 董事会薪酬管理委员会实施细则 第三条 本实施细则所称董事是指在本公司领取薪酬的董事（非独立董事）， 经理人员是指董事会聘任的总经理、副总经理、董事会秘书及由总经理提请董事 会认定的其他高级管理人员。 第二章 人员组成 第四条 薪酬管理委员会成员由五名董事组成，薪酬管理委员会中独立董事 过半数并担任召集人。 第五条 薪酬管理委员会委员由董事长、二分之一以上独立董事或者全体董 事的三分之一提名，并由董事会选举产生。 第六条 薪酬管理委员会设主任委员一名，由独立董事委员担任，负责主持 委员会工作；主任委员在委员内选举，并报请董事会批准产生。主任委员同时担 任薪酬管理委员会召集人。 （2025 年 10 月修订） 第一章 总 则 第一条 为进一步建立健全东风汽车股份有限公司（以下简称"公司"）薪酬 管理制度，完善公司治理结构，根据《中华人民共和国公司法》、《上市公司治理 准则》和《东风汽车股份有限公司章程》（以下简称"《公司章程》"）等有关规定， 特制定本实施细则。 第二条 薪酬管理委员会是董事会下设的专门委员会，向董事会提出建议、 报告工作。薪酬管理委员会对董事会负责。 第七条 薪酬管理委员会 ...

（2025 年 10 月修订） 东风汽车股份有限公司独立董事工作制度 第一章 总 则 第一条 为进一步完善东风汽车股份有限公司（以下简称"公司"）治理结构，促 进公司规范运作，切实保护股东利益，有效规避公司决策风险，为独立董事创 造良好工作环境，依据《中华人民共和国公司法》、《中华人民共和国证券 法》、《上市公司独立董事管理办法》、《上海证券交易所股票上市规则》 （以下简称"《上市规则》"）、《上海证券交易所上市公司自律监管指引第 1 号—规范运作》和《东风汽车股份有限公司章程》（以下简称"《公司章 程》"）等规定，特制定本制度。 第二条 本制度所指独立董事是指不在公司担任除董事外的其他职务，并与公司及 其主要股东、实际控制人不存在直接或间接利害关系，或者其他可能影响其进 行独立客观判断关系的董事。 独立董事原则上最多在三家境内上市公司担任独立董事，并应当确保有足 够的时间和精力有效地履行独立董事的职责。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，应当按照法律、行政法 规、中国证券监督管理委员会（以下简称"中国证监会"）规定、上海证券交 易所业务规则和《公司章程》的规定，认真履行职责，在董事会中发挥 ...

证券代码：600006 证券简称：东风股份 公告编号：2025--061 东风汽车股份有限公司 第七届董事会第十八次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 东风汽车股份有限公司（以下简称"公司"）第七届董事会第十 八次会议于 2025 年 10 月 13 日以通讯表决的方式召开，会议通知于 2025 年 9 月 30 日以电子邮件的方式送达全体董事。本次会议应当参 加表决的董事 9 名，实际参加表决的董事 9 名，会议的召集、召开和 表决程序符合有关法律、法规和《公司章程》的规定。 二、董事会会议审议情况 （一）关于取消监事会并修订《公司章程》、《股东会议事规则》 及《董事会议事规则》的议案 根据《中华人民共和国公司法》、《上市公司章程指引》、《关于新 <公司法>配套制度规则实施相关过渡期安排》等相关法律、行政法规 的规定，结合公司实际情况，修订《公司章程》、《股东会议事规则》 及《董事会议事规则》。本次《公司章程》修订生效后，公司将不再 设置监事会，《公司法》规定的监事会职权由公 ...

Core Viewpoint - Seres Group is on the verge of becoming the first luxury new energy vehicle company to be listed in both A-share and H-share markets, having passed the listing hearing on October 13, 2023 [2] Group 1: Company Strategy and Product Development - Seres plans to issue up to 331 million ordinary shares, with 70% of the funds allocated for R&D, 20% for diversified marketing channels, overseas sales, and charging network services, and the remaining 10% for working capital [2] - The company has transitioned from its initial focus on springs and shock absorbers to fully embracing the new energy vehicle sector since 2016, establishing a solid foundation for future growth [2] - A strategic partnership with Huawei in 2021 led to the launch of the high-end smart electric vehicle brand AITO Wenjie, positioning the company in the high-end market [2] - The product lineup includes models M5, M7, M9, and M8, with prices ranging from 200,000 to 500,000 yuan, creating a comprehensive high-end product system [2] Group 2: Sales Performance and Market Position - In the first half of 2025, Seres sold a total of 198,600 vehicles, with the Wenjie brand delivering 147,000 units and an average transaction price exceeding 400,000 yuan [3] - The Wenjie M9 model delivered 62,000 units, while the M8 model delivered 35,000 units in the same period [3] - For the full year of 2024, the Wenjie M7 delivered 200,000 units, and the M9 delivered 150,000 units, achieving the top sales position in the 500,000 yuan luxury car market [3] Group 3: R&D and Financial Performance - As of June 30, 2025, Seres had 6,984 R&D personnel, a 26.6% increase year-on-year, accounting for 36% of the total workforce [4] - R&D investment grew by 154.9% year-on-year, with expenditures increasing from 1.949 billion yuan in 2021 to 7.053 billion yuan in 2024, reflecting a commitment to technological innovation [4] - In 2024, the company achieved a revenue of 145.176 billion yuan, a year-on-year increase of 305.04%, and a net profit of 5.946 billion yuan, marking a successful turnaround [5] - For the first half of 2025, revenue reached 62.402 billion yuan, with a net profit of 2.941 billion yuan, an 81.03% increase year-on-year [5] Group 4: Capital Strategy and International Expansion - The dual listing strategy aims to enhance financing channels, with funds primarily directed towards R&D, marketing, overseas expansion, and charging network services [6] - The company reported overseas revenues of 3.922 billion yuan, 4.976 billion yuan, and 4.211 billion yuan from 2022 to 2024, indicating a focus on international market growth [6] - The IPO proceeds will allocate 20% to overseas sales and charging network services, emphasizing the commitment to international market expansion [6] Group 5: Financial Structure and Market Challenges - As of 2024, Seres had total assets of 94.364 billion yuan and total liabilities of 82.458 billion yuan, resulting in a high debt ratio of 87.38% [7] - The recent 5 billion yuan strategic investment and the upcoming H-share listing are expected to improve the company's capital structure and cash flow [7] - The company has diversified ownership, with major shareholders including Chongqing Sokon Holding Co., Ltd. and Dongfeng Motor Corporation [7] - The competitive landscape in the new energy vehicle sector is intensifying, and Seres must balance growth expectations with maintaining brand premium and profitability [9]

Core Viewpoint - The automotive market in China is experiencing steady growth, supported by proactive macroeconomic policies and a focus on domestic circulation, with significant increases in production and sales across various vehicle categories [1][31]. Production and Sales Data - In September 2025, China's automotive production and sales reached 3.276 million and 3.226 million units, respectively, marking a month-on-month increase of 16.4% and 12.9%, and a year-on-year increase of 17.1% and 14.9% [2]. - From January to September 2025, cumulative production and sales totaled 24.333 million and 24.363 million units, reflecting year-on-year growth of 13.3% and 12.9% [2]. Commercial Vehicle Performance - In September, commercial vehicle sales approached 370,000 units, showing a year-on-year increase of 30% [3]. - Commercial vehicle production and sales in September were 376,000 and 368,000 units, with month-on-month increases of 19.3% and 16.3%, and year-on-year increases of 27.7% and 29.6% [4]. - For the first nine months of 2025, commercial vehicle production and sales reached 3.091 million and 3.117 million units, with year-on-year growth of 9.4% and 7.8% [6]. Truck Sales Insights - In September, truck production and sales were 322,000 and 312,000 units, with month-on-month increases of 19.1% and 14.9%, and year-on-year increases of 28.9% [8]. - Heavy-duty truck sales reached 106,000 units in September, with a month-on-month increase of 15.2% and a year-on-year increase of 82.9% [8]. Passenger Vehicle Trends - In September, passenger vehicle production and sales were 54,000 and 56,000 units, with month-on-month increases of 20.5% and 25%, and year-on-year increases of 21.2% and 33.7% [13]. - For the first nine months of 2025, passenger vehicle production and sales totaled 405,000 and 407,000 units, with year-on-year growth of 12.6% and 12.7% [18]. Export Performance - In September, commercial vehicle exports reached 93,000 units, with a month-on-month increase of 18% and a year-on-year increase of 13.3% [24]. - For the first nine months of 2025, commercial vehicle exports totaled 748,000 units, reflecting a year-on-year increase of 10.2% [26]. New Energy Vehicle Developments - In September, new energy commercial vehicle domestic sales were 83,000 units, with a month-on-month increase of 26.2% and a year-on-year increase of 71.9% [27]. - For the first nine months of 2025, new energy commercial vehicle domestic sales reached 566,000 units, marking a year-on-year growth of 61.4% [27]. Industry Outlook - The China Automotive Industry Association indicates that policies such as vehicle trade-in programs are positively impacting the market, with sustained monthly year-on-year growth rates exceeding 10% for five consecutive months [31]. - The Ministry of Industry and Information Technology, along with other departments, has issued a plan to stabilize growth in the automotive industry, outlining 15 measures to enhance domestic consumption and improve supply quality [31].

Market Overview - The commercial vehicle sector experienced a decline of 0.87% on October 14, with Yutong Bus leading the drop [1] - The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1] Stock Performance - Notable stock performances in the commercial vehicle sector included: - Zhongtong Bus: Closed at 11.55, up 1.67% with a trading volume of 357,400 shares [1] - China National Heavy Duty Truck: Closed at 17.72, up 1.49% with a trading volume of 162,400 shares [1] - Yutong Bus: Closed at 28.90, down 2.73% with a trading volume of 205,800 shares [3] - The overall trading volume and turnover for the sector were significant, with Hanma Technology recording a turnover of 882 million yuan [1][3] Capital Flow - The commercial vehicle sector saw a net outflow of 473 million yuan from institutional investors, while retail investors contributed a net inflow of 395 million yuan [4] - Specific stock capital flows included: - Yutong Bus: Net outflow of 17.22 million yuan from institutional investors [4] - Zhongtong Bus: Net outflow of 20.29 million yuan from institutional investors [4] Summary of Key Stocks - The following stocks had notable capital flows: - Hanma Technology: Net inflow of 10.51 million yuan from institutional investors [4] - Foton Motor: Net inflow of 9.72 million yuan from institutional investors [4] - China National Heavy Duty Truck: Net outflow of 8.27 million yuan from institutional investors [4]

Core Viewpoint - The article emphasizes that 2025 is a critical year for China's commercial vehicle industry to move away from "involution" and focus on quality and sustainable development, with Dongfeng Motor Corporation leading the way by prioritizing product quality over low pricing [1][4][17]. Group 1: Industry Challenges - The commercial vehicle industry is currently facing severe "involution," characterized by price wars, product homogenization, and inconsistent service standards, which undermine brand trust and hinder technological progress [4][8]. - Some companies are sacrificing product reliability and cutting R&D investments to gain market share, leading to a detrimental competitive environment [4][12]. Group 2: Dongfeng's Quality Leadership - Dongfeng Motor Corporation has been recognized as a "National Industry Quality Leading Enterprise," reflecting its commitment to quality control and customer satisfaction through rigorous evaluations [4][13]. - The company integrates high-quality standards from the design phase, ensuring that its products perform excellently in real-world scenarios, as evidenced by multiple awards at the NEVC 2025 China New Energy Commercial Vehicle Challenge [7][10]. Group 3: Military Standards and Manufacturing - Dongfeng's military heritage contributes to its high-quality standards, with a focus on reliability even in extreme conditions, supported by a robust production philosophy [8][10]. - The company employs a user-centered research and validation system, ensuring that every product meets stringent military-grade quality standards throughout its development and manufacturing processes [10][12]. Group 4: Customer Recognition and Service - Customer testimonials highlight Dongfeng's product reliability, with examples of vehicles achieving impressive mileage and performance without major repairs, reinforcing the brand's reputation for quality [13][15]. - Dongfeng has upgraded its service brand to provide proactive maintenance solutions, addressing customer needs and emphasizing quality over low pricing, thus promoting a return to value-based competition in the market [15][17].

Core Viewpoint - The annual evaluation event for commercial vehicles, organized by the First Commercial Vehicle Network, aims to discover outstanding companies and products, promoting "Chinese Intelligent Manufacturing" and the sustainable development of the commercial vehicle and parts industry [1]. Group 1: Industry Overview - 2025 is characterized as a year of significant competition and transformation within the commercial vehicle industry, with a focus on electric, intelligent, and low-carbon technologies driving high-quality development [4]. - The heavy truck market is experiencing a recovery, with new products being launched and sales expected to exceed one million units for the year [4]. - The light truck market is performing well, with new energy light truck sales surpassing 100,000 units in the first eight months, representing a year-on-year increase of 94%, becoming a core driver of growth [4]. - The bus industry is showing stable growth, with robust overseas exports [4]. - The engine market is accelerating its transition towards greener and smarter technologies [4]. Group 2: Event Highlights - The "2025 First Commercial Vehicle Network Annual Evaluation" has officially commenced, with awards to be presented for various segments including heavy trucks, light trucks, buses, new energy vehicles, and parts [1][4]. - The event aims to identify the most representative products, innovative technologies, best-selling brands, and highest quality products within the commercial vehicle sector [4].