According to the public transportation announcement, the company, Volkswagen Public Works, and Beijing Vibration jointly invested to establish Wuxi Liyao, with a total investment of 201 million yuan, and the company pledged 50 million yuan. Since Wuxi Liyao was unable to complete the agreed investment purpose, a dissolution clause was triggered. A meeting of all partners was held on August 5, 2026, and the dissolution was agreed upon. As of the disclosure date of the announcement, Wuxi Liyao has completed business registration, and has not completed fund filing and actual investment. The termination of this investment has no significant impact on the company, and the company is not liable.

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