Group 1 - GAC Group reported November 2025 production and sales data, with vehicle sales of 179,700 units, a month-on-month increase of 5.2%, but a year-on-year decline of 9.72%. Cumulatively, sales for the first 11 months of the year reached approximately 1.53 million units, down 10.8% year-on-year [1] - In the first 11 months, GAC's self-owned brand overseas sales increased by 39% year-on-year. In November, GAC entered the Australian and Argentine markets and advanced its European strategy by partnering with Magna, a leading global vehicle and parts supplier, to start mass production of the AION V in Austria [1] - Organizational restructuring and management team updates are significant actions for GAC during this transformation period. A new management team was announced on November 16, with key appointments including He Xianqing as General Manager and Wang Dan as Chief Accountant [1] Group 2 - The new management team includes several external talents, notably Chen Jiacai, who will oversee GAC's overseas business. His experience in international expansion is expected to provide new momentum for GAC's "ONE GAC 2.0" overseas strategy and support the implementation of the "Reconstructing New GAC" strategy [2]

Core Viewpoint - GAC Group has officially announced its new leadership team, appointing He Xianqing as General Manager and introducing external talents to enhance its internationalization strategy [1] Group 1: Leadership Appointments - He Xianqing has been appointed as General Manager, with Wang Dan as Chief Accountant and several others as Vice General Managers [1] - The new management team covers key business areas including product management, R&D, manufacturing supply, brand marketing, internationalization, strategic development, and human resources [1] Group 2: External Talent Integration - The new team includes external talent, notably Chen Jiacai, who has extensive experience in international automotive markets, tasked with overseeing GAC's overseas operations [1] - The introduction of external innovative talent aims to inject new strategic thinking, advanced concepts, and management capabilities into GAC's internationalization efforts and the "ONE GAC 2.0" strategy [1]