On May 6^th, GAC announced the progress of its controlling shareholder’s increase of shares. Guangzhou Automobile Industry Group, the controlling shareholder of GAC, has bought 2,420,000 more H shares from GAC in the form of centralized bidding through the security trading system, accounting for 0.02% of the Company’s total equity capital, at an average price of HK$6.53 per share. After share increase, Guangzhou Automobile Industry Group holds 5,502,360,069 shares of GAC, accounting for 52.58% of the Company’s total equity capital.

On November 3^rd, 2021, GAC announced that based on its understanding of the current capital market situation and judgment of its future development prospects, the controlling shareholder Guangzhou Automobile Industry Group would increase its holding of H shares in GAC Group using its own funds over the next 12 months; the amount would range from RMB 50 million to RMB 300 million, and a price interval would not be set. On November 3^rd, 2021, it bought 800,000 more H shares for the first time, at an average price of HK$7.13 per share. This time, Guangzhou Automobile Industry Group increased its holding of GAC shares on the Hong Kong Stock Exchange, demonstrating the controlling shareholder’s firm confidence in GAC’s future development and recognition of the Company’s growth potential.