ANNUAL RESULTS

March 2023

Guangzhou China

Disclaimers

The presentation has been prepared by Guangzhou Automobile Group Co., Ltd. ("GAC Group" or the

"Company") without independent verification. The presentation does not express or imply any representations or warranties, and shall not be relied upon for the accuracy, fairness or completeness of the information described or contained herein. Meanwhile, there are foreseeable and unforeseen risks, uncertainties and other factors in the forward-looking statements or guidance contained in this presentation. You are advised against relying upon any prospective remarks contained in the presentation. The Group and any of its affiliates, advisors or representatives shall not be liable for any loss arising in any way from any information described or contained herein.

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Contents

1

Industr y over view

  1. Oper ation r esults over view
  2. Financial r esults over view
  3. Outlook for futur e

1

PART ONE

Industry overview

In 2022, automobile sales increased slightly year-on-year,

and PV sales rose significantly

China automobile sales and growth rate

Unit1,000 vehicles

3.0%

-2.8%

-1.8%

3.8%

2.1%

4,161

-8.2%

4,371

3,300

4,324

4,793

5,133

24,718

23,710

21,444

20,178

21,482

23,563

2017

2018

2019

2020

2021

2022

Passenger vehicle sales volume Commercial vehicle sales volume Total car sales growth

Production of

Sales of

27,021 thousand vehicles

26,864 thousand vehicles

3.4% YOY growth

2.1% YOY growth

Monthly automobile sales and growth rate in China in 2022

Unit1,000 vehicles

18.7%

23.8%

29.7%

32.1%

25.7%

6.9%

0.9%

-7.9%

-8.4%

-11.7%

-12.6%

344

-47.6%

281

246

258

279

273

291

253

370

250

239

216

2,186

1,487

1,864

965

1,623

2,222

2,174

2,125

2,332

2,231

2,075

2,265

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Monthly sales volume of commercial vehicles

Monthly sales volume of passenger vehicles

YOY growth rate of monthly car sales

Passenger vehicle sales of

Commercial vehicle sales of

23,563 thousand vehicles

3,300 thousand vehicles

9.5% YOY growth

31.2% YOY decrease

Source: CAAM

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Disclaimer

Guangzhou Automobile Group Co. Ltd. published this content on 29 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2023 12:39:09 UTC.