Public Transportation announced on July 29 that the company signed a partnership agreement with Volkswagen Public and Beijing Motion to jointly fund the establishment of the Wuxi Luyao Venture Capital Partnership. The total amount of capital pledged by Wuxi Liyao was 201 million yuan, of which the company pledged 50 million yuan as a limited partner, with a pledge ratio of 24.88%. This transaction is a related transaction due to the controlling shareholder of Volkswagen Public Utilities.

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