Guoxuan Hi-Tech announced that the cumulative deviation value of the company's stock closing price increase for three consecutive trading days exceeded 20%, which is an abnormal fluctuation in stock trading. After verification, the company recently disclosed three important matters: one is that it plans to establish three joint ventures with Volkswagen's PowerCo in Spain, Slovakia and Morocco to build lithium battery and cathode material production bases, with a total project investment of about 3,222 billion euros, with a total investment of about 1,598 billion euros. The matter is still subject to shareholders' approval and domestic and foreign government approval; second, the wholly-owned subsidiary plans to sign a lithium battery project contract totaling 1,094 million euros with PowerCo's Spanish company, which is still subject to shareholders' approval; the third is that the shareholders' approval is still at least 5% Shareholder Volkswagen China plans to transfer 5.30% of the company's shares to Hefei Construction Investment, subject to state-owned approval, Shenzhen Stock Exchange compliance confirmation, and transfer registration. The company, controlling shareholders, and actual controllers have no important matters that should be disclosed. The controlling shareholder or actual controller did not trade the company's shares during the change period, and there have been no major changes in the recent business situation. Investors are kindly requested to invest rationally and pay attention to risks.

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