Shanghai Kaixin announced that the “Concerted Action Agreement” signed by Ge Wenyue, the actual controller of the company, and Shao Wei, Liu Feng, Yang Qi, and Yang Haopeng on October 15, 2023 expires on October 15, 2026. The parties recently signed the “Supplementary Agreement to the Concerted Action Agreement”, extending the period of concerted action for 6 years to October 15, 2032, and other provisions of the original agreement remain in effect. The actual controllers of the company have not changed since this signing. They are still the 5 people mentioned above, and will not have a significant impact on the company's daily production and operation.

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