CMC — Investor Presentation 2026

May 20, 2026

CMC

China Motor Corporation 2026/Q1 Investor Conference

(Ticker Symbol : 2204)

Presenter: Ching-Wu Chien Vice President

May 20, 2026

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Safe Harbor Notice

CMC

This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of China Motor Corporation ("CMC"). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements.

Forward-looking statements are subject to significant risks and uncertainties which may vary from time to time and actual results may differ materially from those contained in the forward-looking statements, whether as result of new information, future events, or otherwise. CMC, its subsidiaries and representatives do not undertake any obligation to the damages resulted from the use, with or without negligence, of this presentation or other information related with it, except as required by law.

Any part of this presentation cannot be, on any purpose, directly or indirectly replicated, spread, transmitted or published.

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CMC

1. CMC's Operating Results in 2026 Q1
2. CMC's Operating Prospects in 2026 Q2
3. ESG Achievement
4. Q&A

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CMC's Operating Results in 2026 Q1

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CMC's Operating Results in 2026 Q1

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2026 Q1 Sales Performance

Market Overview

Tariff uncertainty kept market sentiment cautious. Demand gradually recovered on policy clarity and new model cycles, though overall conditions remained unstable.

In 2026 Q1, total sales in Taiwan's automotive market reached 96,000 units, representing a YoY decline of 3.4%. Domestic vehicle sales were 50,000 units, reflecting a YoY decline of 1.4%.

Company Performance

Benefiting from new model sales growth Despite an increasingly challenging operating environment, CMC benefited from the launches of XFORCE and MG G50 PLUS, which received strong market recognition. With enhanced product competitiveness, total vehicle deliveries grew 12.4% YoY, and market share increased by 1.9 ppt YoY.

Taiwan's Automotive Market vs. CMC Sales (Vehicle Deliveries) - YoY Comparison

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CMC

CMC's Operating Results in 2026 Q1

Affected by elevated uncertainty in international trade conditions, total sales in Taiwan's automotive market in 2026 Q1 declined 18.5% QoQ versus 2025 Q4. However, supported by the launch of XFORCE and the continued competitiveness of J SPACE, CMC's sales volume and market share both grew QoQ against the broader market trend.

Taiwan's Automotive Market vs. CMC Sales (Vehicle Deliveries) - QoQ Comparison

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CMC's Operating Results in 2026 Q1 : XFORCE - Outstanding Product Capability

CMC

Market Feedback: A Summary of XFORCE Media Reviews and Owner Experiences

U-CAR /20260306
The Ambitious New Contender

High-standard Safety & Outstanding Efficiency :

• Level 2 ADAS standard across the entire lineup
• NVH sound insulation reinforced at 11 locations
• Best-in-class fuel economy of 17.0 km/L

Mobile01 /20260307
Boldly Entering the Highly Competitive Crossover SUV Market

7-CAR /20260306
Ready for the City, Capable Beyond the Pavement

Premium Sensory Experience & Space Utility :

• Yamaha Premium co-branded audio system
• Long wheelbase design delivering outstanding rear-seat space
• 21 storage compartments for practical utility

8891CAR /20260307
Best Value in the NT$800K SUV Segment

High-satisfaction, Authentic Quality Experience :

• Refined exterior and interior craftsmanship
• Equipped with AYC (Active Yaw Control)
• Strong all-terrain capability with four drive modes

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CMC's Operating Results in 2026 Q1 : J SPACE - Strong Competitiveness

CMC

Only model in its segment equipped with Level 2 ADAS

Spacious design meeting diverse mobility needs

Solid positioning in the light commercial vehicle market

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CMC's Operating Results in 2026 Q1

CMC

2026 Q1 : Consolidated Income Statement
Unit: NT$100 million

	2026 Q1	2025 Q1	YOY
Revenues	94.16	79.50	18.44%
Gross Profit	13.65	11.49	18.77%
Gross Profit Margin	14%	14%	0.28%
Operating profit	4.35	1.53	184.31%
Non-Op. Income and Expenses	3.37	5.66	-40.52%
Income after Tax	6.19	6.71	-7.79%
CNIS	6.43	6.29	2.16%
EPS (NTD)	1.18	1.15	2.61%

2026 Q1 financial performance improved YoY, driven by the launch of new models such as XFORCE.

• Operating profit increased by NT$282 million, mainly because in 2025, multi-brand deliveries declined due to policy adjustments, while the launch of XFORCE in December 2025 subsequently drove sales growth and improved profitability.
• Non-operating income declined by NT$230 million YoY, mainly due to the decrease of investment returns amid intense competition in the China automotive market.
• EPS for Q1 this year was NT$1.18.

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CMC's Operating Prospects for 2026 Q2

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CMC's Operating Prospects for 2026 Q2 : All New 1.5T Zinger Set for April Debit

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Comprehensive Safety Upgrades | Enhanced Market Competitiveness

Simultaneously deepening both active and passive safety systems

to comprehensively enhance occupant protection

• Active Safety Systems

For 5-seater models, basic Level 2 ADAS is now standard across the lineup excluding the entry trim, including Adaptive Cruise Control (ACC, full-speed range), Forward Collision Mitigation with Pedestrian Detection (FCM), Lane Keeping Assist (LKA), Leading Vehicle Start Alert (LVSA), Auto High Beam (AHB), and Traffic Jam Assist (TJA).

• Passive Safety Reinforcement

Building on ZINGER's already robust body structure, a reinforced body design has been adopted to effectively absorb impact forces in the event of a collision. Side airbag deployment has been broadened to lower-trim models — mid-trim and above now come standard with 6 airbags, further strengthening passive safety protection.

- Level 2 ADAS (含LVSA/AHB/TJA)

- SRS氣囊 (左右側*4)

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ESG Achievement

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ESG Achievement
The Top 5% of Corporate Governance Evaluation
CMC

Ranked Among the Top 5% for 12 Consecutive Years Since the Award’s Inception. Through unwavering commitment and consistency, we have maintained an uninterrupted record of excellence in corporate governance.

Top 5% of the list for 12 years
YULON	CMC	UMC	TSMC	TWM	FET	SINYI
2201	2204	2303	2330	3045	4904	9940

The 12th Corporate Governance Evaluation included 1,009 listed companies, and the program has officially transitioned into an ESG Evaluation starting in 2026.

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Industry-Academia Collaboration Grounded in Practice

CMC × Kun Shan University | EV Commercial Vehicle Technology Initiative

Reflecting CMC's long-term commitment to the sustainable development of the automotive industry, the Company donated an ET35 electric commercial vehicle to Kun Shan University on April 17 to cultivate the next generation of EV R&D talent.

• Strong educational foundation: Kun Shan University possesses the full capabilities required to undertake real-vehicle EV research in the fields of vehicle engineering and mechatronics, ensuring effective collaboration outcomes.
• Industrial outreach effect: Located within the Tainan technology corridor, the university's graduates are widely employed in southern Taiwan's manufacturing and transportation sectors, helping extend technological influence southward.
• Diverse EV research capabilities: The addition of ET35 further expands the university's research scope and creates positive complementarities.

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Partnering with Local Experts to Deepen Community Impact : CMC Recovery Initiative

Partnering with Mennonite Christian Hospital and the Chunghwa Soaring Care Association, transforming vehicle resources into tangible support for those in need

In collaboration with Mennonite Christian Hospital in Hualien, CMC donated an XFORCE as a dedicated medical vehicle to support "mobile outreach healthcare" and enhance mobility for medical services in remote areas.

醫療照護

中華汽車光復計畫

生計再造

In collaboration with the Chunghwa Soaring Care Association, CMC donated a DELICA van, paired with a network of over one hundred volunteers, to drive the three-year "Watchers Program" supporting community rebuilding *

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Recipient of the 2026 22nd Global Views ESG Corporate Sustainability Award

"Comprehensive Performance — Traditional Industry Model Award"

CMC has long integrated sustainability into its corporate management from corporate governance and talent development to environmental sustainability and social engagement consistently responding to societal expectations through concrete action.

Social Well-being | From short-term aid to long-term companionship

• CMC continues to advance social initiatives such as the "Happiness Guardian Program," "Migratory Bird Mobile Maintenance Service," and "CMC Recovery Initiative," translating its core corporate capabilities into a force for safeguarding local communities.

Workplace Well-being | Building an all-age, friendly ecosystem

• The "Home & Family Support 360 Program" has supported the growth of thousands of children.
• The "DRIVE Program" and "Cross-Generation Co-Creation Program" deepen DEI workplace culture.
• 1,600 ping of sports facilities and nearly 1,000 occupational safety enhancement actions support employees' physical and mental well-being.

Low-Carbon Transition | Building Taiwan's national team for domestic EV industry

• CMC independently developed the ET35 electric commercial vehicle, integrating over 80 local suppliers with a localization ratio exceeding 90%. The vehicle has already been deployed in logistics applications, demonstrating tangible results in green transportation.

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Q & A

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THANK YOU FOR WATCHING

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