China-Base Ningbo Group Co., Ltd. (hereinafter referred to as "CBNB"), established in 1985, is a joint-stock enterprise restructured from a central state-owned enterprise. Deeply rooted in China's market over the years, CBNB owns rich experience and unique market position in multiple industrial fields, including the whole industrial chain of bulk commodity, comprehensive foreign trade services, cross-border e-commerce services, automobile sales and post-market, ranking 205th among China's top 500 enterprises and 73rd among China's top 500 private enterprises. The Company is a demonstration enterprise for supply chain innovation and application nationwide, one of the top ten foreign trade enterprises in Zhejiang Province, and a "pacemaker" in the integration of domestic and foreign trade in Zhejiang Province, with the total import and export volume ranking first in Ningbo for multiple consecutive years. In 2024, CBNB achieved a total revenue of CNY 141.597 billion, an 12.3% year-on-year increase; And a total import and export volume of USD 5.776 billion, on a PAR with that of last year