iMotion Automotive Technology (Suzhou) Co., Ltd. recently obtained a letter of nomination from a well-known domestic flying car company (hereinafter referred to as the Customer). The Company has been selected by the customer as a supplier of autonomous driving solutions for a vehicle model and will provide AD solutions with the integration of the software and hardware, including the AD domain controller iDC High as a core component. The designation of this renowned customer signifies that the Company's research and development capabilities have been recognized by new customer, further consolidated and improved the Company's market competitiveness and enhanced the Company's market position in the field of new energy passenger vehicles, which is conducive to further promoting the Company's market competitiveness and sustainable development capabilities in the future.

The Company will actively promote the above-mentioned research and development projects. Due to the risks and uncertainties in the research and development process of AD solutions, the Company will actively work on product research and development. Meanwhile, the Company will strengthen risk management and control to minimise the risks that may arise from market fluctuations.