On September 14, the Shanghai Stock Exchange suspended and resumed trading information showing that GAC Group suspended trading throughout the day on September 14 due to unannounced important matters. It is worth noting that GAC Group's Hong Kong stock trading was not suspended today. As of the end of early trading, the stock opened sharply higher, rising 8.64% to HK$2.325 per share. On September 11, the Ministry of Industry and Information Technology held a press conference to introduce the development of China's intelligent connected NEV industry. Shao Ji, deputy director of the Industrial Development Department of the National Development and Reform Commission, said that it will actively support large enterprise groups to carry out reforms, promote mergers and restructuring between industrial enterprises through market-based and legal methods, support key enterprises to effectively integrate R&D, production and other resources, and avoid homogenized competition in product design and technology research and development. Encourage enterprises of all types to dig deeper into their own characteristics, work hard in different market segments, form a differentiated competitive pattern, and continuously promote the transformation of the industry from scale expansion to quality and efficiency improvement.

On September 14, information on the suspension and resumption of trading on the Shanghai Stock Exchange showed that GAC Group suspended trading throughout the day on September 14 due to unannounced important matters. It is worth noting that GAC Group's Hong Kong stock trading was not suspended today. As of the end of early trading, the stock opened sharply higher, rising 8.64% to HK$2.325 per share. On September 11, the Ministry of Industry and Information Technology held a press conference to introduce the development of China's intelligent connected NEV industry. Shao Ji, deputy director of the Industrial Development Department of the National Development and Reform Commission, said that it will actively support large enterprise groups to carry out reforms, promote mergers and restructuring between industrial enterprises through market-based and legal methods, support key enterprises to effectively integrate R&D, production and other resources, and avoid homogenized competition in product design and technology research and development. Encourage enterprises of all types to dig deeper into their own characteristics, work hard in different market segments, form a differentiated competitive pattern, and continuously promote the transformation of the industry from scale expansion to quality and efficiency improvement.