Group 1 - The third Off-Road Ecological Development Conference and the annual meeting of the Off-Road Vehicle Branch of the China Automobile Industry Association will be held in Xiangyang, Hubei, from December 18 to 21, 2025, focusing on the technological paths, market trends, and integration practices of the off-road vehicle industry amid the waves of electrification and intelligence [1] - The off-road vehicle market in China is experiencing strong growth, with sales rapidly increasing since 2020 and expected to surpass one million units, with domestic brands accounting for nearly 70% of the market share [3] - The conference emphasizes the importance of innovation and win-win ecological co-construction rather than zero-sum competition, featuring a comprehensive platform for policy interpretation, technical discussions, ecological cooperation, and experiential scenarios [5] Group 2 - The off-road vehicle industry has a dual mission to serve both national defense needs and enhance the quality of civilian vehicles, with increasing demands for battery safety, reliability in extreme environments, and intelligent chassis control [7] - Domestic brands are expected to capture nearly 90% of the off-road market under 300,000 yuan and have made breakthroughs in the luxury market above 500,000 yuan, while challenges remain in drive technology and core component autonomy [9] - The penetration rate of electric vehicles in the off-road segment has surpassed 40%, with significant growth expected in the market, particularly among younger consumers and women, as the competitive landscape shifts towards domestic brands [11][13] Group 3 - The conference showcased various companies sharing their experiences in brand heritage, technology platforms, and military-civilian integration, highlighting the diverse cultural development and community ecology of off-road vehicles [15] - The event signifies a transition from a traditional "manufacturing-sales" model to a new model of "people, vehicles, wilderness, and ecological co-construction," indicating a consensus within the industry [18]

Group 1 - The demand for "large space and multiple seats" is driving the sales of new energy MPVs, with three-row seating providing comfortable travel for families [1] - The new policy aims to enhance the adaptability of supply and demand in consumer goods, targeting the smart connected vehicle sector as one of the three trillion-level consumption areas by 2027 [1] - The implementation plan encourages the development of iconic products and innovative enterprises in the new energy vehicle sector, promoting green low-carbon consumption [1] Group 2 - China's new energy vehicle production has surged from approximately 1.4 million units in 2020 to over 13 million units in 2024, with a market scale that has more than tripled [2] - By October 2025, new energy vehicle sales accounted for 51.6% of total new car sales, marking a significant milestone [2] Group 3 - The automotive industry is enhancing supply quality to meet the growing and diverse consumer demands, with a complete smart connected vehicle industry system established [3] - New passenger cars with Level 2 driving assistance features now represent over 60% of new car sales, showcasing advancements in technology [3] - The average range of pure electric passenger vehicles is nearing 500 kilometers, with battery costs reduced by 30% and charging speeds improved by over three times [3] Group 4 - The Ministry of Commerce plans to promote automotive circulation reforms, expand the used car market, and develop the automotive aftermarket, including modifications, rentals, and camping [4]

Core Viewpoint - Jiading International Group (08153) plans to sell 100% equity of target companies to buyer Liu Yean for a consideration of HKD 150,000 by July 31, 2025 [1] Group 1: Target Companies - Target Company A (Mou Bros. Limited) primarily engages in investment holding and is involved in the sale of new energy batteries in China [1] - Target Company B (Jiading Global Limited) also focuses on investment holding and is engaged in the sale of health products and new energy off-road vehicles in China [1] Group 2: Financial Performance - For the fiscal year ending March 31, 2025, the group reported revenue of approximately HKD 88.3 million and a loss of about HKD 64.8 million [1] - The business segment of the target group contributed revenue of around HKD 4.2 million but incurred a loss of approximately HKD 49.5 million [1] - The advertising segment generated over 95% of total revenue but also reported a loss of about HKD 3.1 million [1] Group 3: Strategic Focus - The company aims to refocus its business back to Hong Kong and concentrate on its existing advertising media business to improve performance and shareholder returns [1]