GEELY AUTOMOBILE HOLDINGS LIMITED 175 80175 地址為 為本人╱吾等之代表，代表本人╱吾等出席將於二零二五年十二月十八日（星期四）下午四時三十分假座 香港灣仔港灣道23號鷹君中心23樓2302室舉行之本公司股東特別大會（及其任何續會）（「大會」），並代表 本人╱吾等行事，以考慮及酌情通過召開大會之通告所載之決議案，並按下述指示，於大會代表本 人╱吾等及以本人╱吾等之名義就該等決議案投票。如無作出指示，則本人╱吾等之代表可自行酌情投 票。本人╱吾等之代表亦將有權就正式提呈大會之任何事宜自行酌情投票。 | | 普通決議案 | 贊成4 | 反對4 | | --- | --- | --- | --- | | 1. | 批准、追認及確認整車及整車成套件合作製造採購協議（定義見本 | | | | | 公司日期為二零二五年十一月二十八日之通函（「通函」））及其項下 | | | | | 擬進行之交易以及批准及確認截至二零二七年十二月三十一日止三 | | | | | 個財政年度各年整車及整車成套件合作製造採購協議（定義見通函） | | | | | 項下之年度上限。 | | | | 2. ...

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通告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並表明不會就因本通告全部或任何部份內容而產生 或因倚賴該等內容而引致之任何損失承擔任何責任。 GEELY AUTOMOBILE HOLDINGS LIMITED 175 80175 股東特別大會通告 茲通告吉利汽車控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）謹訂於二零 二五年十二月十八日（星期四）下午四時三十分假座香港灣仔港灣道23號鷹君中心23樓 2302室舉行股東特別大會（「股東特別大會」）或其任何續會，以考慮並酌情通過下列決議 案（無論修訂與否）為本公司之普通決議案： 普通決議案 考慮並酌情通過下列決議案（無論修訂與否）為本公司之普通決議案︰ - 1 - 1. 「動議： a. 謹此批准、追認及確認本公司、浙江吉利控股集團有限公司（「吉利控股」，連同 其附屬公司統稱為「吉利控股集團」）、浙江遠程新能源商用車集團有限公司（「遠 程商用車」，連同其附屬公司統稱為「遠程商用車集團」）及山東吉利新能源商用 車有限公司（「山東吉利新能源」，連同其附屬公司統稱為「山東吉利新能源集 團」）訂立之日 ...

Overall Market - The overall market for passenger vehicles in China includes ICE, BEV, and PHEV, with a total production of 2,949,257 units and retail sales of 2,250,157 units in the first ten months of 2025 [4][6][7]. - The market share of new energy vehicles (NEV) has increased significantly, with NEV accounting for 41.0% of the total market in terms of production and 43.2% in retail sales [7][8]. New Energy Market - The new energy vehicle market has shown robust growth, with a production of 1,652,312 units and retail sales of 1,282,267 units in the first ten months of 2025, reflecting a year-on-year increase of 19.5% in production [4][6][9]. - The penetration rate of NEVs in the overall market reached 52.7% in 2025, indicating a strong trend towards electrification [9][11]. Export Market - The export of new energy vehicles has also seen growth, with a total of 1,865,675 units exported in the first ten months of 2025, marking a 70.5% increase compared to the previous year [14][20]. - The share of NEVs in the export market reached 35.8% in 2025, showcasing the increasing global demand for Chinese electric vehicles [14][16]. Manufacturer Performance - BYD remains the leading manufacturer in the new energy vehicle segment, with wholesale sales of 436,856 units in October 2025, despite a year-on-year decline of 12.7% [20][21]. - Other notable manufacturers include Geely and SAIC-GM-Wuling, with significant increases in their respective sales figures, indicating a competitive landscape in the NEV market [20][21]. Segment Analysis - In the first ten months of 2025, the retail sales of NEVs were dominated by SUVs, followed by sedans and MPVs, reflecting consumer preferences in the market [24][25]. - The overall market for fuel vehicles has seen a decline, with a 9.2% decrease in retail sales, contrasting with the growth in the NEV segment [24][25].

Domestic News - Six departments issued a document to expand automotive modification, RV camping, and other automotive aftermarket consumption, aiming for a significant optimization of consumer goods supply structure by 2027 [3] - Chongqing plans to build a world-class intelligent connected new energy vehicle industry cluster, enhancing the overall upgrade of vehicles, parts, and aftermarket [4] - A draft for the "Vehicle-Road-Cloud Integration" infrastructure classification is expected to be released by the end of the year, including a roadmap for promoting integration [5] - Great Wall Motors plans to establish its first complete vehicle factory in Europe, targeting an annual production capacity of 300,000 vehicles by 2029 [6] - BAIC Blue Valley received approval for a 6 billion yuan refinancing project to support the development of new energy vehicles and AI intelligent platforms [7] - Geely established a battery company in Chengdu with a registered capital of 50 million yuan, focusing on battery sales and manufacturing [8] - Stellantis and CATL have commenced construction of a battery factory in Spain, with a planned annual capacity of 50 GWh by the end of 2026 [9] - Haima Automobile is steadily advancing the demonstration operation of hydrogen fuel cell vehicles, aiming to create a complete hydrogen energy ecosystem [10] International News - The UK government plans to implement a mileage-based tax for pure electric and plug-in hybrid vehicles, with fees of 3 pence per mile for electric vehicles and 1.5 pence for hybrids, potentially generating 1.1 billion pounds in the first year [12] - Thailand adjusted its electric vehicle policy to prevent potential oversupply, allowing manufacturers to count exported electric vehicles towards local production obligations [13] - South Korea submitted a special bill to lower automotive tariffs as part of a commitment to a $350 billion investment in the U.S. [14] - Renault-Geely's joint venture plans to double production in Brazil, with the current plant capacity at 380,000 vehicles [14] Commercial Vehicles - The M9T engine and hybrid assembly light truck successfully rolled off the production line, marking a significant advancement in the hybrid light truck sector [15] - Chery Commercial Vehicle launched the Zero Meter light truck, targeting urban distribution efficiency with advanced charging technology [16] - Zero One Smart Card won the "Annual First Recommended Electric Drive Bridge Heavy Truck" award, highlighting its innovative achievements in the new energy heavy truck sector [17] - Foton Motor's two micro truck models received carbon footprint quantification labels, reinforcing its commitment to green transformation [19]

此乃要件 請即處理 閣下對本通函任何部份內容或應採取之行動如有任何疑問，應諮詢 閣下之股票經紀或其他註 冊證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓所有名下之吉利汽車控股有限公司股份，應立即將本通函連同隨附之代表 委任表格送交買主或承讓人或經手買賣或轉讓之銀行、股票經紀或其他代理商，以便轉交買主 或承讓人。 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通函之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並表明不會就因本通函全部或任何部份內容而產生或因倚賴該等 內容而引致之任何損失承擔任何責任。 GEELY AUTOMOBILE HOLDINGS LIMITED 175 80175 持續關連交易 吉利汽車控股有限公司之財務顧問 獨立董事委員會及獨立股東之獨立財務顧問 董事會函件載於本通函第11至31頁。獨立董事委員會函件載於本通函第32至33頁。獨立財務 顧問函件載於本通函第34至62頁，當中載有其致獨立董事委員會及獨立股東之意見。本公司謹 訂於二零二五年十二月十八日（星期四）下午四時三十分假座香港灣仔港灣道23號鷹君中心23樓 2302室舉行股東特別大會，大會通告 ...

Core Insights - Geely's low-altitude travel technology company, WoFei ChangKong, has completed a multi-hundred million RMB Series C financing round, with investments from Hangshi Group, Saudi Aramco's Prosperity7 Ventures, and Songhe Capital, along with additional investments from existing shareholders [1] - The financing will focus on achieving airworthiness certification, building mass production capabilities, and exploring commercialization trials [1] - WoFei ChangKong has secured a thousand aircraft orders, covering domestic and international cultural tourism groups, airlines, and operational service providers, with a business network spanning key economic regions [1] Investment and Strategic Partnerships - The strategic entry of Hangshi Group, Prosperity7 Ventures, and Songhe Capital is seen as a combination of local industry foundation, global resource networks, and technological investment experience, facilitating the upgrade of the eVTOL industry from regional exploration to global collaboration [1] - WoFei ChangKong has established confirmed procurement agreements and strategic partnerships with HuLong Aviation, Dazhong Transportation, Konglian Jiexing, and Jitai Aviation at the Asian General Aviation Exhibition [1] Operational Planning - WoFei ChangKong is planning to build operational scenarios, focusing on efficient connections between eVTOL and business jets in collaboration with HuLong Aviation, positioning eVTOL as a valuable addition to existing high-end travel networks [2] - The company is also collaborating with Dazhong Transportation to layout urban three-dimensional travel and with Xiangyuan General Aviation to expand scenic area operations from ground to air, providing immersive experiences for tourists [2]

Group 1 - The key milestone for Geely's Guiyang base was the production of the 200,000th vehicle and the 70,000th Galaxy A7, highlighting the success of Geely's transition to new energy vehicles and contributing to the development of a billion-level automotive cluster in Guizhou [1] - The Galaxy A7 has shown strong market performance, achieving 4,195 units sold in its first week and reaching over 10,000 deliveries in just 14 days, setting a record for plug-in hybrid sedans [1] - In October, the Galaxy A7 sold 15,888 units, making it the top-selling plug-in hybrid mid-size car, supported by its competitive features such as low fuel consumption and long-range capabilities [1] Group 2 - The Guiyang base has undergone a smart upgrade, integrating big data with manufacturing, which has increased its annual production capacity to 300,000 vehicles, ensuring rapid delivery and high-quality standards for the Galaxy A7 [2] - Geely plans to continue optimizing its products through OTA upgrades, aiming to enhance user experience and advance its "Million Galaxy" strategy and global expansion [2] - The Guiyang base is positioned as a key player in the local industrial upgrade, facilitating the transition of Guizhou's automotive industry towards intelligent new energy solutions [2]

Core Viewpoint - The Chinese automotive industry is at a critical juncture after three years of growth, with investor sentiment shifting from optimism to caution as competition intensifies and potential subsidy reductions loom [1] Group 1: Market Sentiment and Policy Expectations - Investors are concerned that fierce market competition and subsidy cuts will continue to pressure industry sentiment and may impact the operational performance of OEMs and suppliers in Q1 2026 [1] - Most investors believe that national "trade-in" and local "replacement subsidies" will continue to be implemented in 2024 to mitigate the impact of a 5% increase in purchase tax and cyclical headwinds [2] - Investors expect that the implementation rules for local stimulus measures will become stricter, with per-vehicle subsidy amounts potentially decreasing by 30-50% year-on-year [3] Group 2: Traditional Automakers vs. New Players - There is a slight preference for traditional automakers, driven by low expectations and potential restructuring opportunities, alongside the influence of technology giants like Huawei [4] - Huawei's involvement in the automotive sector is reshaping the industry landscape, with its smart mobility alliance and collaborations with state-owned automakers [4] - Despite ongoing discussions around new players like BYD and NIO, investor opinions are divided, particularly regarding BYD's potential market share loss in 2024 [4] Group 3: Opportunities in Automation - The fields of autonomous driving and robotaxi are attracting significant market interest, with expectations for the removal of safety drivers becoming feasible due to technological advancements [5] - Regulatory breakthroughs for high-level autonomous driving are anticipated, with L3-level regulations expected to be released in the first half of 2026, potentially igniting renewed enthusiasm for autonomous driving clusters [5] - Suppliers with core technological advantages are expected to benefit from the increased penetration of L2+ and higher-level autonomous driving in China [5]

Group 1 - The automotive industry park in Jingning, Gansu, is transforming the local economy by providing job opportunities for over 300 residents, with an average monthly salary exceeding 3,000 yuan [2][3] - The company Hu Youzheng Tong Electric System Co., Ltd. has become a core supplier of seat wiring harnesses for multiple automotive manufacturers, achieving an eightfold increase in output compared to the previous year [2] - The introduction of 10 new fully automated crimping machines has improved wiring harness testing efficiency by 40%, with a target annual production capacity of 600,000 sets [2] Group 2 - The local government is actively collaborating with companies to attract investments, exemplified by the partnership with Geely Group, which has led to increased orders and the establishment of a seat component procurement center [2] - The automotive industry park is not only providing stable employment for women and older workers but also attracting young talent, such as high school students seeking internships [5] - Future projects, including a high-voltage wiring harness initiative, are expected to generate an annual output value of 350 million yuan, further integrating the local industry into the broader automotive supply chain [5]

Group 1 - Geely Automobile (00175) announced the issuance of a total of 132,500 shares due to the exercise of stock options on November 27, 2025, at an issue price of HKD 9.56 per share [1]