GAC Group Plans to Extend Up to RMB 5 Billion Loan to GAC Trumpchi

GAC Group recently announced that its 19th meeting of the Seventh Board of Directors approved the "Proposal on Providing a Loan to GAC Trumpchi," agreeing to extend a loan of up to RMB 5 billion to its wholly-owned subsidiary, GAC Trumpchi Automobile Co., Ltd. The loan interest rate will be based on the comprehensive interest rate of GAC Group's bond issuances, with principal and interest repayments made periodically. The proposal was unanimously approved by all directors, with a voting result of 11 in favor, 0 against, and 0 abstentions. This financial support aims to bolster GAC Trumpchi’s business development and further enhance its market competitiveness.