Expanding the vehicle trade worldwide Our subsidiary China National Vehicles Import & Export Co., Ltd. (GV) was founded in 1984 as China’s only company authorized to import automobiles. We have undertaken an extensive range of projects related to government procurement of automobiles, vehicle trading, introduction of automobile production technology, and importing of dedicated vehicles for state guests and special vehicles. We have imported more than 1 million vehicles of various types with a total value of more than US$10 billion. With focus ranging from mid-range to high-end luxury brands such as Toyota, Mercedes Benz, and Lincoln, our company has formed an authorized dealership network covering Beijing, Guangzhou, Tangshan, Hohhot, Shantou, and Chongqing. In response to the Belt and Road Initiative, in recent years, our company has been leveraging edges in vehicle trading to enhance international cooperation in production capacity, expand our presence in Central Asia, and build an integrated platform for production and sales. Seizing development opportunities brought by the shift to electric, smart, and web-connected vehicles, we have forayed into new-energy vehicles and new infrastructure to provide a wide range of related products and services.