Group 1 - The core product of Jishi Automotive, the rugged SUV model Jishi ADAMAS, was officially launched in China on December 28, 2025, after its initial release in five Middle Eastern countries, with a monthly order exceeding 2,000 units and an overseas price of over $80,000 [1] - Jishi ADAMAS features L2+ level intelligent driving capabilities, marking a shift in the competitive landscape of high-end off-road vehicles from purely mechanical performance to comprehensive intelligent experiences [1] - The partnership with Qingzhou Zhihang, a leading Chinese provider of assisted driving solutions, allows Jishi Automotive to leverage proven technology and reduce R&D costs for overseas models [6] Group 2 - Jishi Automotive has adopted an overseas-first strategy over the past two years, successfully entering over 40 countries and achieving steady sales growth for 12 consecutive months, with December sales reaching 2,528 units and annual deliveries surpassing 15,000, nearly tripling from the previous year [3] - Qingzhou Zhihang's assisted driving products have been installed in nearly one million vehicles, maintaining a leading market share in China's passenger car NOA market, showcasing the reliability and adaptability of its technology [3] - The collaboration between Jishi Automotive and Qingzhou Zhihang is a win-win strategy, enhancing Jishi's product competitiveness while allowing Qingzhou to expand its technology solutions globally, potentially becoming a model for the Chinese smart automotive industry's collaborative expansion [7]