[GAC Group Plans to Transfer GAC Aion Technology Equity for 1.33 Billion Yuan] SMM has learned that on the evening of December 3, GAC Group announced that it plans to transfer its 15.82% equity in Guangzhou GAC Aion Technology Co., Ltd. (hereinafter referred to as "GAC Aion Technology") to its controlling shareholder Guangzhou Automobile Industry Group Co., Ltd. (hereinafter referred to as "GAC Industry Group") at the appraised price; the company's wholly-owned subsidiary GAC Capital Co., Ltd. (hereinafter referred to as "GAC Capital") plans to transfer its 3% equity in GAC Aion Technology to GAC Industry Group at the appraised price.