澳大利亚月度汽车销售监测

IndustryAustralia MonthlyAuto Sales MonitoreCs微信 Bin WangResearch Analyst+852-220-35496Huang WeiResearch Associate+852-2203-7057 Appendix 1Important Disclosures*Other information available upon request*Prices are current as of the end of the ,previous trading session unless otherwise indicated and are sourced from localand other sources. For disclosures pertaining to recommendations or estimates made on securities other than the primaryour website at https://research.db.com/Research/Disclosures/EguityResearchDisclosures. Aside from,within this report,Investors are strongly encouraged to review this information before investing.Analyst CertificationThe views expressed in this report accurately reflect the personal views of the undersigned lead analyst about the subjectissuers and the securities of those issuers. In addition, the undersigned lead analyst has not and will not receive anyPage 10 Deutsche Bank AG/Hong Kong 7 July 2025Autos & Auto TechnologyAustralia Monthly Auto Sales MonitorEquity rating dispersion and banking relationshipsEquity Rating and Dispersion KeyThe Equity Rating Dispersion Chart depicts the following:The proportion of recommendations that are rated"buy","sell"and"hold" over the previous 12 months. This is shown forsecurities issued in the stated region e.g. "Europe Universe". See rating definitions below. This is represented by the"Companies Covered" bars in the chart. The percentage value displayed above the bar is the proportion as a percentage.E.g. 50% above the "buy" / "Companies Covered" bar means that 50% of DB's equity research covered companies overthe past 12 months have a "buy" rating.Next to each of the three respective bars showing the proportion of "buy", "sell" and "hold" recommendations we providetwo additional bars to show:- The proportion of "buy","sell" or"hold recommendations where Deutsche Bank and or/Affiliates provided MIFIDInvestmentorAncillaryServices inthepast12months.Thisisrepresented inthe"MiFiDInvestmentandAncillaryServices" bar. The percentage value displayed above the bar shows the proportion of Companies Covered with the givenalso received MIFID Investment and Ancillary Services from DB.- The proportion of "buy" (or"sell" or"hold) recommendations where Deutsche Bank and or/Affiliates has providedInvestment Banking services in the past 12 months for which it has received compensation.The percentage valuedisplayed above the bar shows the proportion of Companies Covered with the stated rating where DB has also providedInvestment Banking services in the past 12 months. E.g. 50% above the "Cos. w/ Investment Banking relationship" barmeans 50% of the Companies Covered with the rating stated also have an Investment Banking Relationship with DB.Buy: Based on a current 12- month view of TSR, we recommend that investors buy the stock.Sell: Based on a current 12-month view of TSR, we recommend that investors sell the stock.Hold: We take a neutral view on the stock 12-months out and, based on this time horizon, do not recommend either aBuy or Sell.projected dividend yieldNewly issued research recommendations and target prices supersede previously published research.Deutsche Bank AG/Hong Kong Page 11 7July2025Autos & Auto TechnologyAustralia Monthly Auto Sales Monitoroffice at 14th Floor, The Capital, C-70, G Block, Bandra Kurla Complex, Mumbai (India) 400051. Tel: + 91 22 7180 4444. It isregistered by the Securities and Exchange Board of India (SEBl) as a Stock broker bearing registration no.: INZ000252437;Merchant Banker bearing SEBI Registration no.: INM000010833 and Research Analyst bearing SEB! Registration. no.:INH000001741. DEiPL's~Compliance / Grievance officer is Ms. Rashmi Poddar.(Tel: +91complaints.deipl@db.com). Registration granted by SEBI and certification from NiSM in no way guarantee performance ofDEiPL or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read allthe related documents carefully_before investing. DEIPL may.have received administrative warnings.from the SEBI forbreaches of Indian regulations.'Deutsche Bank and/or its affiliate(s) may have debt holdings or positions in the subjectwww.db.com/ir/en/annual-reports.htm.instruments dealer by the Head of the Kanto Local Finance Bureau (Kinsho) No. 117. Member of associations: JSDA, Type IlFinancial Instruments Firms Association and The Financial Futures Association of Japan. Commissions and risks involved inamount by the commission rate agreed with each customer. Stock transactions can lead to losses as a result of share pricefluctuations and other factors. Transactions in foreign stocks can lead to additional losses stemming from foreign exchangefluctuations. We may also charge commissions and fees for certain categories of investment advice, products and services.Recommendedinvestmentstraofchangesinmarketand/oreconomictrends,and/orfluctuationsinmarketvalue.Beforedecidingonthepurchaseoffinancialproductsand/orservices,customerssho