Yutong Bus announced that Hong Kong Shengyu International Co., Ltd., a wholly-owned subsidiary of the company, plans to subscribe for Lochpine Green Fund I, LP fund shares with its own or self-raised capital from overseas with 100 million US dollars as a limited partner. The fund is managed by Lochpine Capital Limited, with a target size of 1.5 billion US dollars and a basic lifetime of 10 years. It mainly focuses on upstream and downstream and cutting-edge technology investments in carbon neutrality, covering new lithium battery materials, green transportation, and electrification upgrades. This transaction does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the company's board of directors or shareholders' meeting for consideration.

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