Huayu Auto announced that Shanghai Huizhong, a wholly-owned subsidiary of the company, plans to acquire 10.9569% of Lianchuang Automotive Electronics Co., Ltd.'s shares held by the National Green Development Fund through public delisting on the Shanghai Stock Exchange. The reserve listing price of this share is 320 million yuan, and the capital is its own capital. If delisted successfully, Shanghai Huizhong's shareholding ratio in Lianchuang Electronics will increase to 16.25%. The transaction constituted a related transaction, failed to meet the shareholders' meeting review criteria, did not constitute a major asset restructuring, and would not affect the scope of the company's consolidated statements. The acquisition is an act of market bidding, and there is uncertainty about implementation.

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