GAC Group has learned from Stellantis' official website of its announcement regarding the equity adjustment of GAC FCA. GAC Group deeply regrets that this release has not been agreed by us. GAC Group will strictly abide by the national laws,regulations and policies,and adhere to the principle of mutual trust and win-win to promote joint venture and external cooperation business.

Guangzhou Automobile Group Co., Ltd.

January 27, 2022