tyrantmegaways| Linglong Tire (601966.SH): Product price increase has been implemented

Gelonghui May 22 丨 Linglong Tire (601966tyrantmegaways.SH) said on the investor interaction platformtyrantmegaways1. The company recently issued a price increase notice. Starting from April 1, 2024, the prices of all products of TBR and PCR brands in the domestic retail market will be increased by 2%-3%, and product price increases have been implemented. 2. Since the beginning of this year, the company has continued to smoothly carry out supporting cooperation with major vehicle companies through three structural adjustments, especially working closely with OEMs such as Audi, BMW, Stellantis, Hongqi, Wuling, BYD, and Geely, and has made new breakthroughs in supporting global key vehicle series such as China, Germany, and Europe. Due to the signing of confidentiality agreements between the two parties, it is temporarily inconvenient to disclose specific models. 3. In the past 23 years, the company's European supporting volume accounted for less than 20% of the total overseas supporting volume. In the future, as the new production capacity of the Serbian base and the continuous advancement of the company's mid-to-high-end supporting volume, the European supporting volume will continue to increase this year. 4. Recently, raw materials and shipping have increased compared with the first quarter of 2024. 5. The company still maintains full production and sales of semi-steel tires, and the prosperity of all-steel tires is average. 6. At present, our cooperation with JD. com to maintain cars is in its early stages, and various goods are gradually being put on shelves. With the follow-up channel cooperation publicity and marketing activities, sales will gradually increase. We will work closely with Jingdong Car Maintenance to jointly explore the market and enhance brand influence.