On July 28, IAT issued an announcement regarding unusual stock price movements, revealing that the cumulative increase in its daily closing prices over three consecutive trading days had surged by 30%. In accordance with the "Trading Rules of the Shenzhen Stock Exchange," such a fluctuation is deemed abnormal. Recently, media reports highlighted that the China Association of Automobile Manufacturers, in partnership with IAT and leading automotive companies, unveiled the "White Paper on Intelligent Agents Empowering Automotive R&D and Design—From Tool Assistance to Intelligent Native (2026)." Following a thorough internal review, IAT disclosed that, as of the announcement date, the value of orders in hand for its business segment focusing on the application of artificial intelligence technology in automotive R&D and design stood at RMB 1.8921 million, with confirmed revenue amounting to RMB 888,600 (tax excluded). The company emphasized that there remains considerable uncertainty surrounding the future benefits of this business venture, and it is not expected to significantly influence the company's overall operational performance.