On October 29, Taotao Auto Industry stated in the latest disclosure of investor relations activity records that the company's gas turbine power generation business is currently progressing smoothly, including engine head procurement, maintenance and repair, plant planning, R&D and design. Among them, some parts with a long procurement cycle have also been ordered one after another. The unit manufacturing cost of gas turbine generator sets is high, and the process of R&D, disassembly and repair, parts procurement, assembly and integration requires a relatively long period of time. Up to now, the company's gas turbine power generation business has not been sold. Investors are kindly requested to be aware of investment risks.

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