5%-7%.

1. On July 2, 2021, the Shanghai Housing Provident Fund Center released information on Shanghai’s adjustments to the housing provident fund payment base in 2021. The specific payment base and payment ratio are as follows: 1. Housing provident fund payment ratio: 2021 for the employees themselves and

The unit housing provident fund payment ratio is 5%-7% (rounded up).

Units can independently determine the specific payment ratio of housing provident fund within the above-mentioned ratio range.

2. Supplementary housing provident fund payment ratio: Units that contribute to housing provident fund can participate in the supplementary housing provident fund system on a voluntary basis.

The contribution ratio of the employee and the unit to the supplementary housing provident fund is 1%-5% each (rounded up), and the specific ratio is determined by each unit based on the actual situation.

3. The upper and lower limits of Shanghai provident fund payment in 2021: 1. Starting from July 1, 2021, the payment base of the city’s employees’ housing provident fund will be adjusted from the average monthly salary in 2019 to the average monthly salary in 2020.

For employees who newly join the workforce from January 1, 2021, their housing provident fund contributions shall be based on the full monthly salary income due in the second month of the employee’s second month of employment or the actual monthly average salary paid since the employee joined the workforce.

Cardinality.

2. For newly transferred employees starting from January 1, 2021, the salary income payable for the month after transfer shall be used as their housing provident fund payment base, or the average monthly salary actually paid.

3. The maximum payment base for housing provident fund and supplementary housing provident fund shall not exceed 31,014 yuan, and the minimum shall not be less than 2,480 yuan.

2. Shanghai Volkswagen: 1. Shanghai Volkswagen is a joint venture brand between SAIC and Volkswagen of Germany. Shanghai Volkswagen has many sedans and SUV models.

Shanghai Volkswagen's sedans include Passat, Santana, Lavida, Lingdu, Laxing, etc.

Passat is a mid-size sedan owned by Volkswagen. The length, width and height of this car are 4933 mm, 1836 mm, 1469 mm respectively, and the wheelbase is 2871 mm.

2. SAIC Volkswagen Co., Ltd. (referred to as "SAIC Volkswagen") is a Sino-German joint venture operated by SAIC Group and Volkswagen Group.

The company signed a contract and laid the foundation stone in October 1984. It is one of the oldest automobile joint ventures in China.

The company is headquartered in Anting, Shanghai, and has successively established production bases in Nanjing, Yizheng, Urumqi, Ningbo, Changsha and other places.

At present, the company has formed a production layout of 6 major production bases, 9 vehicle plants, 2 powertrain plants, 1 battery factory, and 1 technology center. The cumulative output exceeds 24 million vehicles and the number of employees is nearly 31,000.

3. SAIC-Volkswagen will adhere to innovation-driven development, be market-oriented, improve user satisfaction, and become a "trustworthy and innovative automotive joint venture." In February 2022, Volkswagen made it clear that Porsche will be independently listed or born

The largest IPO in European history.