Core Viewpoint - The company, Wuxi Autowei Technology Co., Ltd., has approved a plan to engage in accounts receivable factoring business with a total amount not exceeding RMB 800 million, which will enhance cash flow and improve asset-liability structure [1][2]. Summary by Sections Overview of Accounts Receivable Factoring Business - The company has received board approval to collaborate with financial institutions for accounts receivable factoring, with a total factoring amount not exceeding RMB 400 million initially, later adjusted to RMB 800 million [1][2]. Guarantee for Subsidiaries - The company will provide irrevocable joint liability guarantees for its subsidiaries involved in the factoring business, covering obligations such as repurchase amounts, financing repayments, interest, penalties, and other payable amounts [3][14]. Approval Process - The board meeting held on June 24, 2025, approved the factoring business and related guarantees, which do not constitute related party transactions or significant asset restructuring [4][11]. Business Impact - Engaging in accounts receivable factoring is expected to accelerate cash collection, reduce management costs, and support business expansion [5][14]. Financial Data of Subsidiaries - Financial data for subsidiaries as of March 31, 2025, shows varying asset and liability levels, indicating the financial health and operational scale of each subsidiary involved in the factoring business [6][9][12]. Total External Guarantees - The company has a total of RMB 1.203 billion in external guarantees, all provided to subsidiaries, representing 8.57% of total audited assets and 29.14% of net assets [15]. Board's Opinion - The board believes that the guarantees for subsidiaries align with the company's operational needs and strategic development, ensuring manageable risk levels [14][15]. Sponsor's Review - The sponsor has no objections to the company's accounts receivable factoring business and related guarantees, confirming compliance with relevant regulations [16].

Meeting Information - The annual shareholders' meeting of Guojin Automobile Co., Ltd. is scheduled for June 17, 2025 [1] - The meeting will utilize the Shanghai Stock Exchange's online voting system for shareholder participation [1] Voting Procedures - Shareholders can vote through both on-site and online methods, with specific time slots for online voting on the day of the meeting [2][3] - The voting rights for shareholders with multiple accounts will be aggregated across all accounts for the same class of shares [3][4] Agenda Items - The meeting will review several non-cumulative voting proposals, including: - Signing a financial services cooperation agreement with Guojin Financial Co., Ltd. [2] - Engaging in accounts receivable factoring business with Guojin Commercial Factoring Co., Ltd. [2] - The related party that must abstain from voting is China National Machinery Industry Group Co., Ltd. [2] Attendance Requirements - Shareholders registered by the close of trading on June 11, 2025, are eligible to attend the meeting [5] - Registration for attendance requires specific documentation depending on the type of shareholder (institutional or individual) [5] Registration Details - Registration will take place on June 12, 13, and 16, 2025, during specified hours [5] - The registration location is at the company's office in Haidian District, Beijing [5] Additional Information - The meeting will last half a day, and attendees are responsible for their own travel and accommodation [6]

Overview of Accounts Receivable Factoring Business - The company has approved a plan to engage in accounts receivable factoring with financial institutions, allowing for a total factoring amount not exceeding RMB 400 million or equivalent currency [1][2] - The factoring business will include both recourse and non-recourse options, with specific terms defined in individual contracts [2][3] - The board of directors has authorized the management to implement the factoring business and sign relevant contracts without requiring shareholder approval [1][2] Details of the Factoring Business - The factoring will involve accounts receivable generated from the company's daily operations and those of its subsidiaries [2] - The factoring period is set to be within 12 months from the board's approval, with each transaction's duration specified in the respective contracts [2] - The factoring fee rates will be determined through negotiation based on market conditions at the time of each transaction [2] Purpose and Impact on the Company - Engaging in accounts receivable factoring is expected to accelerate cash flow from receivables, reduce management costs associated with receivables, and improve the company's asset-liability structure [2][3] - This initiative is anticipated to facilitate business expansion for the company [2] Implementation of the Factoring Business - The board has delegated decision-making authority to the management for selecting qualified factoring institutions and determining specific factoring amounts [3] - The finance department will oversee the implementation and analysis of the factoring business, with a responsibility to report any adverse factors to the board [3] - The audit committee will have the authority to supervise and inspect the specifics of the factoring business [3]