Hangzhou Yundong Intelligent Auto Appoints CICC Hong Kong Securities as Sole Sponsor for IPO

Hangzhou Yundong Intelligent Automobile announced that it has appointed China International Capital Corporation Hong Kong Limited as the overall coordinator in accordance with the listing rules of the Hong Kong Stock Exchange. The announcement stated that no offer or invitation will be made to the Hong Kong public prior to the submission of the prospectus for registration with the Hong Kong Companies Registry. The company noted that it remains uncertain whether the offering will ultimately proceed, and that its listing application has not yet been approved. Investors should base their investment decisions on the final listing documents. Any changes regarding the appointment or termination of coordinators will be separately announced by the company.