Core Viewpoint - The Brisbane City Council has dismissed claims regarding safety risks associated with Chinese-made electric buses, labeling such assertions as xenophobic [1][2]. Group 1: Safety Concerns - Multiple Western media outlets have raised concerns about the safety of Chinese-manufactured buses, suggesting they could be remotely controlled by manufacturers [1]. - The Australian Capital Territory government is investigating safety issues within its bus fleet, following the emergence of these claims [1]. Group 2: Local Response - Andrew Wines, the chairman of the Brisbane City Council's transport committee, strongly refuted the allegations, arguing that it is unfair to criticize products solely based on their country of origin [1]. - Wines indicated that skepticism towards electric vehicles is evident among certain local politicians, suggesting a broader resistance to renewable energy technologies [1]. Group 3: Market Context - Brisbane operates a fleet of 1,200 buses, with only 4 manufactured by Yutong, which began service in 2021 [2]. - Many vehicles in the Australian market, including those from mainstream brands like Volkswagen and Tesla, have internet connectivity for software updates, similar to the Yutong buses [2]. Group 4: Manufacturer's Assurance - Yutong's Australian distributor stated that vehicles in the local market receive software updates at service centers rather than remotely, ensuring compliance with Australian data protection laws [2]. - The Land Transport Authority of Singapore confirmed that 20 Yutong electric buses in operation since 2020 cannot be remotely controlled, affirming the company's commitment to data privacy and operational integrity [2].

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Guangzhou Xaircraft Technology Co., Ltd. 廣州極飛科技股份有限公司 (A joint stock company incorporated in the People's Republic ...

Group 1 - China's solar power installation capacity in April 2023 exceeded Australia's total historical capacity, highlighting China's rapid adoption of renewable energy technologies across various sectors [2] - The transition to electrification in China is supported by significant national strength and policy backing, which is not merely about subsidies but involves scientific planning and targeted investments [2] - China's electrification process is reducing global electrification costs, positioning the country as a leader in clean technology, with Chinese-made electric vehicles increasingly dominating markets like Australia [2] Group 2 - China's shift towards electrification is driven by a strategic need to reduce dependence on fossil fuel imports, emphasizing energy security alongside environmental obligations [2] - The electrification progress in China is paving the way for other countries, with experts noting that achieving such advancements in a decade would be unprecedented for any other nation [3]

Group 1 - The current global economic environment is characterized by instability and uncertainty, with the US trade war significantly impacting the multilateral trade system and global supply chains [1][2] - China is committed to high-quality development, showcasing strong economic resilience and stable growth, with an expected increase of 35 trillion RMB in economic output over the past four years [2] - Technological innovation in China has led to advancements in high-performance chips, AI models, and robotics, contributing to a reduction of 11.6% in energy consumption per unit of GDP over the last four years [2] Group 2 - China has fully removed restrictions on foreign investment in the manufacturing sector, with cumulative foreign direct investment reaching 4.7 trillion RMB from 2021 to May this year, positioning China as a preferred investment destination [2] - The trade volume between China and the UK has consistently exceeded 110 billion GBP annually, with bilateral investment stock surpassing 130 billion GBP [2] - Green finance cooperation is advancing, highlighted by China's issuance of 6 billion RMB green sovereign bonds on the London Stock Exchange [2] Group 3 - The potential for cooperation in finance and education between China and the UK is significant, with China being the largest source of international students in the UK, totaling over 200,000 [2][3] - Both countries should focus on mutual respect and open collaboration to enhance cooperation across various sectors, creating a better environment for bilateral relations [3]