Wuling Motors Holdings Limited announced that based on preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 and information currently available to the Board, net loss of the Group for the year ended 31 December 2020 is expected to be significantly decreased by approximately 70% as compared to the net loss of RMB 166,615,000 for the year ended 31 December 2019; and the loss attributable to the owners of the Company for the year ended 31 December 2020 is also expected to be significantly decreased by more than 50% as compared to the loss attributable to the owners of the Company of RMB 124,026,000 for the year ended 31 December 2019.