Official Statement Regarding Export Compliance for Electric Passenger Vehicles

06 January 2026

Dear International Partners:

We regret to inform our partners and automotive customers that, in response to the "Announcement on Implementing Export License Management for Pure Electric Passenger Vehicles" jointly issued by the Ministry of Commerce, the Ministry of Industry and Information Technology, the General Administration of Customs, and the State Administration for Market Regulation of China on September 26, 2025 (effective from January 1, 2026), our company hereby makes the following statement:

Announcement regarding the implementation of export license management for pure electric passenger vehicles.

Our company has legally obtained the export qualification for pure electric passenger vehicles, strictly complying with the "Notice on Further Regulating the Export Order of Automobile and Motorcycle Products" (Shangchanfa [2012] No. 318) and the 2026 export license application requirements. We have completed all online qualification certification processes and completed enterprise registration and model declaration through the system designated by the Ministry of Commerce (https://ecomp.licence.org.cn), possessing legal export qualifications.

All exported vehicles are electric and hybrid passenger vehicles authorized by brand automobile manufacturers, complying with China's national mandatory product certification (CCC) and target market access standards. Each vehicle is equipped with a unique Vehicle Identification Number (VIN) to ensure traceability and compliance.

The export method is limited to wholesale mode, with a minimum export quantity of 10 units per batch. This requirement is an internal compliance management standard based on our company's global logistics coordination, after-sales service network construction, quality control, and brand reputation maintenance. It aims to ensure that overseas customers receive stable and consistent product delivery and technical support. This is not a national mandatory quantity restriction, but it is the only standard for our company's export business.

Our company always adheres to the concept of "quality first, responsibility foremost" in its overseas operations, and is committed to becoming a model for high-quality export of Chinese electric vehicles. We welcome global partners to conduct long-term and stable cooperation through legitimate channels to jointly promote the sustainable development of the new energy vehicle industry.

This statement is hereby made.

Wancheng Machinery Co., Ltd. - Wancheng EV Car

January 1, 2026

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Note: In response to the "Export Management of Pure Electric Passenger Vehicles" policy issued by the Chinese Ministry of Commerce, we have adjusted our export policy to a minimum of 10 vehicles per shipment.
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