Nezha Auto promotes major strategic adjustments

Nezha Auto is promoting major strategic adjustments, planning to significantly reduce and integrate the first and second-level departments and optimize the management level. After this round of adjustments, the labor efficiency will be improved by 40%, the organizational operation efficiency will be improved by 50%, and the related operating expenses will be significantly reduced by more than 50%. Nezha Auto's goal is to achieve positive operating cash flow in February 2025.