GAC Group announced that it will provide shareholders of its joint-stock company Hychuang Auto Technology Co., Ltd. with shareholder loans specifically for the payment of employee wages and economic compensation according to their shareholding ratios, and GAC Aion will be entrusted to undertake the after-sales service business of Hychuang's automotive products. Specifically, GAC Group said that in order to fulfill its social responsibilities to employees and consumers, after unanimous consultation by the shareholders of its joint-stock company Hychuang Auto Technology Co., Ltd., it agreed to provide shareholders' loans specifically for the payment of employee wages and economic compensation according to their shareholding ratios, of which the company and its holding subsidiary GAC Aion New Energy Automobile Co., Ltd. will provide loans of approximately RMB 23.8 million (subject to the actual amount incurred) according to their shareholding ratios (total shareholding of 25%). In addition, GAC Group agreed that GAC Aion will be entrusted to undertake the after-sales service business of Hychuang's automotive products in accordance with the requirements of relevant laws and regulations, and that Hychuang's shareholders will provide loans of no more than RMB 174 million according to their shareholding ratios based on the 10-year after-sales service period, which will be specifically used for the after-sales service of Hychuang's automotive products.