Chery Automobile Co., Ltd. ("Chery Auto" or "the Company") advances the circular economy through waste prevention and reduction at source, resource circularity, product management, and responsible raw materials sourcing. The Company integrates resource efficiency and environmental impact management throughout product design, manufacturing, supply chain management, product use, and end-of-life recovery and disposal, and continuously improves resource efficiency across the product life cycle.

Waste Management and Resource Circularity

I. Management System and Waste Audit Mechanism

Chery Auto strictly complies with the Environmental Protection Law of the People's Republic of China and other applicable laws and regulations in China and overseas and incorporates waste management into its environmental management system. The Company has established policies and procedures including the Solid Waste Pollution Prevention and Control Management Procedure, the Hazardous Waste Management Measures, and the Hazardous Waste Storage Safety Management Measures to standardize the generation, classification, storage, transportation, disposal, and record-keeping of waste. As of the end of the reporting period, 100% of the Company's vehicle manufacturing bases in China were certified to ISO 14001.

The Company has established a waste audit and continuous improvement mechanism covering waste generation, classification, storage, and disposal. Waste is identified and classified in accordance with requirements including the National Catalogue of Hazardous Wastes and the Identification Standards for Solid Wastes. Storage facilities are constructed in accordance with applicable standards, including the Standards for Pollution Control on the Storage and Disposal Site for General Industrial Solid Wastes and the Standard for Pollution Control on Hazardous Waste Storage. The Company maintains a solid waste management ledger and uses on-site inspections, record reviews, and periodic audits to identify key waste-generating processes and waste reduction opportunities and to record information including waste type, quantity generated, transportation method, and treatment method.

Based on audit and inspection findings, the Company implements waste reduction measures through production process optimization, modification of specialized equipment, and the recovery and reuse of residual materials. These measures include applying low-temperature drying technology to industrial sludge and adopting the B1B2 compact painting process without intermediate coating to reduce waste generation at source. The Company has also introduced intelligent weighing equipment for hazardous waste, enabling automatic label generation and accurate data collection and reducing the risk of storage beyond permitted time or quantity limits.

The Company uses its "Integrated Safety and Environmental Platform" to strengthen waste data management. The platform integrates six business modules, namely system management, fire safety, work safety, public security and traffic management, health promotion, and environmental protection, as well as 86 management elements. It covers all production bases in China and enables 100% online management of relevant operations. Through the platform, the Company classifies waste-generation data and conducts trend analysis to support decisions on waste reduction and resource recovery. In 2025, the Company generated 264,204.94 tonnes of waste, comprising 20,796.33 tonnes of hazardous waste and 243,408.61 tonnes of non-hazardous waste.

II. Quantified Waste Reduction Target and Investment in Innovation and R&D

The Company has established a quantified and time-bound waste reduction target. By 2026, it plans to reduce hazardous waste generated per unit of product by 2% from the 2025 level while continuing to increase the waste recycling and utilization rate. To support this target, the Company continues to invest resources in R&D and innovative applications for waste reduction.

In 2025, the Company invested RMB 1.8 million in dedicated R&D for waste reduction and completed the development and application of a high-efficiency evaporation treatment process. The process uses low-temperature evaporation and an energy recovery system to reduce treatment-related energy consumption and recover resources from wastewater for circular use.

For waste mineral oil regeneration, the Company cooperates with Ruiyuan International Resources Investment Co., Ltd. ("Ruiyuan International") to operate a full-chain circular utilization system spanning collection, regeneration, and application. Through pretreatment, dehydration, catalytic purification, refining, and blending, waste mineral oil is regenerated into lubricating base oil. The comprehensive utilization rate of waste mineral oil has reached 96%, the base oil recovery rate has reached 74%, and the program has cumulatively avoided 9,667 tonnes of crude oil extraction or imports.

For power battery circularity, the Company has established a full-life-cycle traceability management system and repurposes recovered retired power batteries for applications including starter batteries and energy storage cabinets. In 2025, the Company recovered a total of 630 tonnes of retired power batteries and produced echelon-utilization products with a total battery capacity of 62,126 kWh.

For packaging reduction, the Company continues to optimize packaging structure design by combining Computer-Aided Engineering (CAE) simulation analysis with data from physical packaging tests, thereby reducing over-packaging and associated material consumption. In 2025, the Company's total R&D investment amounted to RMB 14.715 billion, including approximately RMB 4.6 billion in clean-technology R&D, supporting circular-economy innovation in areas including waste reduction and resource circularity.

III. Waste Reduction Training and Capacity Building

The Company incorporates waste reduction into its environmental management training system and continuously strengthens employees' waste-management awareness and professional capabilities. In 2025, the Company organized nine specialized environmental protection training sessions covering cleaner production, waste reduction and landfill diversion, the operation of waste gas treatment facilities, and wastewater treatment processes. Participants included safety and environmental management personnel, personnel in key environmental positions, and general employees.

The Company also conducted specialized training on the "Zero Waste to Landfill Management System". The training systematically explained management requirements for waste classification, compliant disposal, and recycling and incorporated the 7R principles of Refuse, Reduce, Reuse, Recycle, Recovery, Recognition, and Regulation. It clarified the responsibilities and implementation requirements of each role in waste management and supported capacity building for waste-free factories.

IV. Recycling Programs, Waste Diversion and Performance

The Company has established a waste recycling and resource recovery system covering design, production, recycling, and regeneration. Non-hazardous waste is collected separately and, in accordance with the principle of prioritizing resource utilization, is directly reused where possible or entrusted to third parties for recycling and treatment. For hazardous waste, the Company has set 100% compliant disposal as its management objective and engages qualified third-party organizations for transportation and disposal.

For end-of-life vehicle recycling and dismantling, the Company promotes refined dismantling and parts remanufacturing. Products and materials actually reused or recycled accounted for 97%, and the Company's various recycling programs generated cumulative revenue of RMB 559,849,700.69.

For power battery recycling, the Company has established recycling outlets at 618 Chery Auto sales and service 4S stores nationwide and implements full-process information collection and traceability management for retired power batteries. For waste oil regeneration, the Company completed the comprehensive utilization of 196 tonnes of waste mineral oil. For reusable packaging, the Company continues to scale the use of reusable logistics containers, with applications expanded to overseas markets including Spain and Malaysia.

In 2025, the Company recycled and utilized 247,909.32 tonnes of waste, achieving a waste recycling and utilization rate of 93.8%. During the reporting period, the Company received "Diamond Level" Zero Waste to Landfill certification and was recognized by Wuhu City as a "Waste-Free Factory".

Product Classification and Management

I. Definition and Management Scope of Sustainable Products and Services

To systematically identify, manage, and expand its sustainable products and services portfolio, Chery Auto has established a sustainable product definition and classification system with reference to the EU Taxonomy. The system identifies business activities, products, and services that make a substantial contribution to climate change mitigation, the transition to a circular economy, and low-carbon transport, and incorporates product life-cycle environmental impacts into management.

The Company's sustainable products and services portfolio includes new energy vehicles (NEVs), low-carbon mobility products, vehicle models that have undergone product carbon footprint verification or obtained low-carbon certification, power battery recycling and circular utilization services, and products related to low-carbon materials and clean technologies.

II. Classification Principles and Eligibility Criteria

With reference to the EU Taxonomy Regulation and the relevant Delegated Acts, the Company maps its internal products to relevant economic activities, with a particular focus on automotive-related activity categories such as low-carbon transport, clean-technology manufacturing, the circular economy, and improved resource efficiency.

The Company applies three fundamental principles when determining whether a product is sustainable. First, under the principle of Substantial Contribution, a product or service must make a substantial contribution to at least one environmental objective. The Company focuses on climate change mitigation, the transition to a circular economy, the development of low-carbon transport, and the application of renewable energy. Second, under the principle of Do No Significant Harm (DNSH), a product must not cause significant harm throughout its life cycle to other environmental objectives, including climate change adaptation, water protection, pollution prevention and control, and biodiversity protection. Third, under the Minimum Safeguards principle, the relevant business activities must comply with requirements including the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights.

In the eligibility assessment, the Company considers whether a product meets the Technical Screening Criteria applicable to the relevant economic activity; whether it satisfies applicable emissions thresholds or technical requirements, including specific CO2 emissions requirements under the Worldwide Harmonised Light Vehicles Test Procedure (WLTP); whether it makes a clear and measurable contribution to a low-carbon transition, the circular economy, or improved resource efficiency; and whether it complies with applicable environmental and chemicals requirements, including the REACH Regulation, the End-of-Life Vehicles (ELV) Directive, and the Restriction of Hazardous Substances (RoHS) Directive. Relevant products must also complete the Company's internal review process and any applicable external verification.

III. External Verification and Dynamic Updating

The Company uses external certifications, product carbon footprint verification, eco-labels, and low-carbon certifications as important evidence for validating products' low-carbon attributes and sustainability contributions. The Company has conducted product life-cycle carbon footprint accounting for its on-sale models and uses product carbon footprint certificates, low-carbon certifications, and relevant external verification results to support sustainable product eligibility assessments. In 2025, the Company obtained China's first certificate for "China-EU Carbon Footprint Data Mutual Recognition", providing external recognition of its product carbon footprint data and life cycle assessment capabilities.

The Company has established a dynamic update mechanism for its sustainable product classification system. It continuously monitors changes to the EU Taxonomy and its Technical Screening Criteria, climate-related regulations, industry trends in low-carbon technologies, market and customer demand, and the Company's product strategy and R&D progress. The Company periodically reviews and adjusts its sustainable product definitions, product-to-activity mappings, and internal eligibility criteria.

IV. Capital Expenditures, Operating Expenditures and Resource Allocation

The Company continued to allocate capital expenditure (CAPEX) and operating expenditure (OPEX) to sustainable-product infrastructure and low-carbon manufacturing capacity to increase its sustainable products and services portfolio. In 2025, the Company invested RMB 121.45 million in environmental projects including pollution prevention and waste reduction. This investment was primarily used to improve the environmental performance of production and operations and to support pollution prevention, waste management, and improved resource efficiency in the manufacture of sustainable products.

In terms of renewable energy infrastructure, the Company continues to develop distributed photovoltaic power-generation systems. As of the end of 2025, its cumulative grid-connected photovoltaic capacity had reached 281.92 MW, and renewable electricity accounted for approximately 52.77% of electricity used at its vehicle manufacturing bases, supporting the production of NEVs, low-carbon vehicle models, and core components.

For product life-cycle circular-utilization infrastructure, the Company has established power battery recycling outlets at 618 Chery Auto sales and service 4S stores nationwide and continues to improve its full life-cycle circular-utilization system for battery electric vehicles. The Company is also advancing the development of an ESG digital platform. By integrating it with the Manufacturing Execution System (MES), Enterprise Resource Planning (ERP) system, and Energy Management System (EMS), the Company enables automated calculation and real-time tracking of carbon emissions throughout the product life cycle and provides data support for optimizing resource allocation in production.

For logistics infrastructure, the Company improves the utilization efficiency of transportation resources by redesigning its logistics network, optimizing relay-hub locations, and applying intelligent load-consolidation algorithms. At the Changzhou relay hub, the milk-run model reduced transport mileage by approximately 32%, increased the actual vehicle load rate by 7.7%, and reduced dispatch frequency by 26%, thereby reducing resource consumption and carbon emissions from product manufacturing and transportation.

V. R&D Resources and Product Innovation

The Company continues to invest R&D resources in the development and iteration of NEVs, low-carbon materials, power batteries, electric drive systems, and core components. In 2025, total R&D investment amounted to RMB 14.715 billion, including approximately RMB 4.6 billion in dedicated investment in clean technologies. The Company had 20,366 R&D personnel in China, representing approximately 54% of its non-production employees. The Company plans to increase clean-technology R&D investment to more than RMB 8 billion in 2026 and has planned cumulative dedicated R&D investment of more than RMB 10 billion in frontier technologies including all-solid-state batteries.

In 2025, the Company launched eight new NEV models, including the iCAR V23 and Chery Fulwin A9L, covering battery-electric and high-efficiency models. In low-carbon materials and core new-energy technologies, the Company's recycled aluminum technology won the China Championship in the Sustainable Materials category of the United Nations Industrial Development Organization (UNIDO) Global Call 2025 and was named Global Runner-Up in the Sustainable Product category at the 2025 Altair Enlighten Award. The thermal efficiency of the Kunpeng Tianqing hybrid-dedicated engine exceeded 48%. The Rhino S solid-state battery module achieved an energy density of 400 Wh/kg and continues to advance toward the target of 600 Wh/kg, with initial vehicle integration testing planned for 2027.

The Company has designated comprehensive low-carbon transition, clean-technology breakthroughs, product life-cycle decarbonization, and circular utilization as priority areas of its ESG strategy and continues to support the R&D and iteration of core sustainable products, including battery electric vehicles, batteries, and electric drive systems.

VI. Internal Training on Sustainable Design Principles and Capacity Building

The Company integrates sustainable design principles into product R&D and innovation processes and uses systematic training to strengthen employees' sustainable design awareness and professional capabilities. In 2025, average training hours per employee in China reached 55.9 hours, and total annual training expenditure amounted to RMB 32.27 million.

The Company appoints ESG specialists in key functional departments including R&D, manufacturing, procurement, and the Digital Intelligence Center to promote the implementation of sustainable design requirements throughout the product development process. Through the "Ruihua Global Talent Development Institute" program, the Company also provides core managers with specialized training on ESG strategy and compliant operations.

In addition, through ESG strategy briefings, the Chery Global Innovation Conference, and other platforms, the Company continues to strengthen R&D teams' capabilities in low-carbon design, product life-cycle decarbonization, circular utilization, and clean-technology breakthroughs. This helps ensure that the development of battery electric vehicles and core components follows sustainable design principles and supports the implementation of the R&D philosophy of "Technology with Warmth, Products with Responsibility".

Responsible Raw Materials Management

I. Raw Materials Management Policy

Chery Auto has established a raw materials management system covering raw materials sourcing and use. Through policies and governing documents including the Responsible Procurement Statement, the Supplier Code of Conduct, the Biodiversity Policy Statement, and the Zero-Deforestation Statement, the Company sets requirements for raw materials sourcing, use, and supply chain management. The Sustainability Management Committee oversees these policies, and major impacts and work progress are reported to the Committee. The Company ensures that the policies are effectively implemented internally and regularly monitors and reports progress.

Through eco-design, lightweighting technologies, and hazardous-substance substitution and control, the Company reduces the negative environmental and social impacts associated with raw materials extraction and processing. The Company collaborates with suppliers, industry associations, and research institutions to advance best practices and standards for sustainable raw materials. It also advances Nature-based Solutions (NbS) through participation in relevant activities organized by the United Nations Global Compact (UNGC), the International Union for Conservation of Nature (IUCN), and other organizations.

The Company encourages suppliers to obtain relevant third-party certifications and commits to prioritizing the procurement of sustainable raw materials verified by third-party organizations while strengthening full-chain traceability. Recycled metals, including recycled aluminum and recycled steel, have been used in body structural components, while recycled polypropylene has been used in vehicle interior and exterior trim components. The Company's self-developed "100% Recycled Aluminum + Heat Treatment-Free + Integrated Die Casting" technology was named Global Runner-Up in the Sustainable Product category at the 2025 Altair Enlighten Award and can reduce carbon emissions by approximately 3.27 tonnes per vehicle.

The Company incorporates biodiversity conservation requirements into raw materials management. Under its Zero-Deforestation Statement, the Company requires suppliers of raw materials such as rubber and timber to commit that their products are not associated with deforestation, illegal logging, or ecosystem degradation. Through its Biodiversity Policy Statement, the Company also incorporates ecological conservation into its strategic planning and operational management.

II. Raw Materials Management Program

The Company has established a raw materials management program covering the assessment of priority raw materials, traceability to origin, management of environmental and social impacts, and targets for recycled raw materials.

For priority raw materials assessment and traceability, the Company uses a dedicated questionnaire aligned with the EU Deforestation Regulation (EUDR) to collect information from upstream natural rubber suppliers. It integrates zero-deforestation compliance requirements into the procurement process to systematically prevent non-compliant procurement. Where risks are identified, the Company works with suppliers to implement risk mitigation or remediation measures, including training and capacity building and, where necessary, replacement of the relevant material supplier. The Company also verifies rubber processors' due diligence management practices, social-impact declarations, and relevant forest plots. In parallel, the Company has established a full-chain raw materials traceability system to ensure the traceability of raw materials.

In managing environmental and social impacts, the Company focuses on potential impacts arising from the cultivation, extraction, production, processing, and use of raw materials including natural rubber, aluminum, steel, and plastics. Through zero-deforestation management, the use of recycled materials, and collaboration with suppliers, the Company progressively reduces the associated negative impacts.

For natural rubber, the Company advances zero-deforestation information collection and supplier engagement to reduce at source the risk that its procurement may contribute to damage to forest resources, land-use change, or adverse impacts on community rights. The Company recognizes that forest ecosystem services, including carbon sequestration, water retention, biodiversity conservation, and soil conservation, underpin the stability of agricultural communities. Intact forest cover helps stabilize regional climates and reduce the impacts of extreme weather on the production activities and livelihoods of agricultural communities. Maintaining water-retention capacity supports the water needs of upstream and downstream agriculture and industry, as well as urban and rural communities, and reduces the risk of community conflict caused by water scarcity. Conserving biodiversity strengthens ecosystem resilience and supports the long-term livelihoods of communities that depend on natural resources. Soil protection and erosion control directly maintain land productivity, supporting sustained agricultural output by smallholders and stable yields in food-producing regions. The Company regards zero-deforestation management as an integrated environmental and social responsibility practice that reduces negative ecological impacts while helping safeguard the livelihood security of agricultural communities, smallholders, and nature-dependent groups in producing regions.

For aluminum, steel, plastics, and other materials, the Company promotes the use of recycled aluminum, recycled steel, and recycled plastics to reduce dependence on virgin resources and mitigate environmental impacts associated with raw materials production and processing, including energy consumption, greenhouse gas emissions, waste generation, and pollutant emissions.

For recycled aluminum, Chery Auto's Materials Research Institute has independently developed a high-strength and high-toughness material system based on "100% Recycled Aluminum + Heat Treatment-Free + Integrated Die Casting". Compared with conventional technologies, the use of 100% recycled aluminum reduces carbon emissions at the raw materials stage by more than 80%, while the innovative heat-treatment-free integrated die-casting process reduces manufacturing energy consumption by up to 95%. The material system also addresses challenges associated with impurities and the mechanical properties of recycled aluminum, enabling recycled aluminum to be used in safety-critical automotive structural components for the first time and providing key support for improving the driving range and energy efficiency of NEVs.

For recycled plastics, Chery Auto has established a credible climate-action framework for recycled plastics. By connecting post-consumer plastic collection, materials R&D, component manufacturing, vehicle application, and carbon accounting across the value chain, the framework enables source traceability, verifiable material performance, health protection, and quantifiable carbon reductions. To date, the Company has recovered more than 10,000 tonnes of post-consumer plastic waste. In 2024, the recycled plastic content of representative components used in mass-produced models reached 100%. The Company also obtained the industry's first traceability certification under a pilot assessment for the closed-loop recycling of recycled plastics.

Automotive applications are subject to some of the manufacturing sector's most stringent requirements for material safety, durability, and health performance. A circular-material system that passes automotive validation can provide a reference for the application of recycled materials in other industries. By validating recycled materials in actual product applications, Chery Auto seeks to encourage participation across the value chain and help move circular materials from individual corporate practices toward broader industry consensus.

Through supplier communication, training and capacity building, risk tracking, and corrective measures where necessary, the Company encourages suppliers to continuously strengthen their capacity to manage the environmental and social risks associated with raw materials and improve their raw materials management systems.

For internal capacity building, the Company provides its procurement teams with specialized training on their roles related to sustainable raw materials, including supply chain ESG management, due diligence, and zero-deforestation requirements. The training strengthens procurement personnel's ability to identify, assess, and manage compliance and environmental and social risks associated with raw materials.

Conflict Minerals Due Diligence Process

Against the backdrop of the global automotive industry's continuing transition toward sustainable development, Chery Auto regards responsible mineral supply chain management as a core aspect of its ESG governance. As a vehicle manufacturer, neither Chery Auto nor most of its tier-1 suppliers directly engage in mineral extraction, smelting, or refining. Instead, parts containing key materials, including 3TG conflict minerals comprising tin, tantalum, tungsten, and gold, are sourced through complex, multi-tier upstream supply chains. The automotive industry faces inherent challenges arising from complex supply chain tiers, the absence of direct contractual relationships with sub-tier suppliers, and the difficulty of tracing materials to the mine of origin, all of which constrain comprehensive traceability.

In response to these challenges, Chery Auto seeks to extend its responsible minerals efforts beyond tier-1 suppliers where it can exercise influence. The Company strictly follows the Five-Step Framework for Risk-Based Due Diligence in the Mineral Supply Chain set out in the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. Within the scope of its influence, the Company seeks to improve supply chain visibility, investigate alternative materials and sources other than conflict minerals, identify and mitigate related ESG risks, and support the transition toward responsible, transparent, and conflict-free mineral supply chains.

To support the effective implementation of its management requirements, Chery Auto has established a three-tier governance structure comprising decision-making, management, and execution functions, creating a closed-loop management system from strategy formulation to implementation. The Supply Chain Sustainability Management Committee serves as the decision-making body and is responsible for approving responsible minerals management strategies and objectives and overseeing the effectiveness of the due diligence management system. The Responsible Minerals Management Task Force is responsible for developing the management system, coordinating resources, providing training support, and regularly reporting implementation progress and risk management matters to the decision-making body. At the execution level, a dedicated professional team implements the responsible minerals due diligence process through regular risk assessments, issue identification, and implementation of response measures. Through clearly defined responsibilities and coordination mechanisms, the Company integrates strategic decision-making, process oversight, and operational implementation and continues to strengthen the compliance and sustainability performance of its responsible minerals management.

Chery Auto has also established a supply chain ESG due diligence management system that includes conflict minerals management. The Company sets out its position through the Responsible Procurement Statement and the Responsible Minerals Statement. The Supplier Code of Conduct is included as an appendix to Chery Auto's procurement contracts, and suppliers are required to acknowledge and comply with its provisions, which specify their responsibilities and applicable standards for conflict minerals management. Through its due diligence tools and practices, the Company implements its commitment not to procure mineral resources that finance armed conflict and requires suppliers to cascade Chery Auto's responsible procurement standards upstream through their supply chains.

As part of its due diligence process, the Company uses the Conflict Minerals Reporting Template (CMRT) and the Extended Minerals Reporting Template (EMRT), together with customized issue-specific questionnaires, as its principal survey tools to systematically collect supply chain data, including information on smelters and refiners (SoRs). In 2025, 606 suppliers completed CMRT reporting. The Company has set a target of increasing the number of suppliers completing CMRT reporting to 650 in 2026 and will continue to expand the scope of its surveys. Based on the information collected, Chery Auto applies a risk matrix to conduct dynamic risk assessments and tiered risk management covering suppliers and relevant SoRs. The Company cross-checks information against publicly available international conformance lists and conducts supplementary investigations concerning high-risk supply chain entities and entities for which information is incomplete.

To further strengthen risk controls, the Company has established and implemented a risk management plan and uses an audit mechanism as a key risk management measure. Chery Auto has formed a professional team with expertise in environmental management, safety, labor rights, and other relevant areas and may engage third-party audit organizations where circumstances warrant. The Company has established short-, medium-, and long-term action plans to mitigate conflict minerals-related risks. In the short term, the Company focuses on strengthening dynamic risk monitoring of tier-1 suppliers, risk communication, audits, and oversight of corrective actions. In the medium term, it seeks to improve the transparency of upstream SoR information and strengthen supply chain due diligence capabilities. In the long term, the Company plans to further improve mineral supply chain transparency by participating in industry organizations, supporting third-party audit programs, and conducting upstream field research.

Chery Auto also recognizes the important role of stakeholder oversight. The Company has formulated and published the Supply Chain Grievance Statement, which sets out the channels for submitting grievances and the procedures for handling them. The grievance mechanism accepts concerns and grievances from stakeholders regarding the extraction, trade, handling, and export of minerals from conflict-affected and high-risk areas. As an important policy document for responsible supply chain management, the Statement communicates the Company's commitments and requirements concerning compliant supply chain operations to all stakeholders.

Looking ahead, Chery Auto recognizes that responsible minerals management is a long-term process requiring continued investment and ongoing improvement. The Company will uphold its commitment to maximizing supply chain transparency within the scope of its business influence and continue to strengthen the effectiveness of its three-tier governance structure. It will broaden and deepen the application of its due diligence tools, strive to further expand CMRT reporting coverage in 2026, and progressively transform supply chain data from information collection into risk insights. Over the longer term, Chery Auto will go beyond basic compliance by continuing to participate in industry initiatives and support upstream capacity building to develop a more resilient and credible supply chain ecosystem. The Company seeks to make responsible minerals management an important component of its sustainable development capabilities and contribute Chery's approach to the responsible transition of the global automotive industry.