Geely Automobile Holdings Limited reported unaudited sales results for the month and full year ended December 2019. For the month, the company reported total sales volume of the Group for the month of December 2019 was 130,036 units, an increase of approximately 39% from the same period last year, but down approximately 9% from November 2019. Of the total sales volume in December 2019, 9,900 units were new energy and electrified vehicles (NEEVs). The Group's exports volume was down around 52% year-on-year to 3,353 units in the month of December 2019. During the month of December 2019, the Group's total sales volume in the China market was 126,683 units, an increase of around 47% from the same period last year. Further, the retail sales volume of the Group's dealers in the China market was even stronger at about 170,000 units during the month, making it amongst the highest monthly retail sales volume in the Group's history. During the month of December 2019, the total sales volume of LYNK & CO-branded vehicles was 10,807 units.

The total sales volume for the year of 2019 was 1,361,560 units, a decrease of approximately 9% from the same period last year, and exceeding the Group's full year sales volume target of 1,360,000 units in 2019.

The company also provided sales guidance for the year 2020. The Board preliminarily set the Group's sales volume target for the year of 2020 at a conservative level of 1,410,000 units (including the sales volume target for LYNK & CO-branded vehicles), representing an increase of around 4% from the total sales volume achieved in 2019.