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Wanda Automobile Technology Service Co., Ltd. (hereinafter referred to as "Wanda Automobile") is the latest subsidiary established by Wanda Group, with a registered capital of 100 million yuan, entering the automobile field. The establishment of Wanda Automobile marks a new move by Wanda Group in the automotive industry. Although the specific business details have not been fully disclosed, it can be anticipated that Wanda Group will make strategic deployments in areas such as automobile sales, services, and the new energy vehicle market. Previously, Wanda Group has opened a flagship store for Hongqi automobiles in Wanda Plaza and plans to open 60 Wanda Hongqi experience stores nationwide, indicating that Wanda Group is exploring and innovating in the integrated marketing and service models, especially in the field of new energy vehicles. This strategic move by Wanda Group may bring new transformations to the field of automobile sales and services. In addition, Chery Wanda Guizhou Bus Co., Ltd. (Chery Wanda Bus) is another automobile enterprise related to Wanda, focusing on the research and development, manufacturing, and sales of complete bus vehicles. The company has the capacity to produce 30,000 buses per year, with products covering multiple market segments, and is the only comprehensive bus manufacturing enterprise in Guizhou. Chery Wanda Bus has a range of products including new energy buses, traditional buses, and commercial vehicles, aiming to provide users with safe, reliable, green, and environmentally friendly bus products, and to sell in both domestic and international markets.