Huitong Holdings: Intends to Sign "Project Investment Agreement" with Wuhu Economic and Technological Development Zone Management Committee.

Huikong Holdings announced that the company plans to sign a "Project Investment Agreement" with the Management Committee of Wuhu Economic and Technological Development Zone, to invest in and construct a project of 900,000 sets of high-end new energy vehicle styling components and acoustic products in Wuhu Economic and Technological Development Zone through its wholly-owned subsidiary, Wuhu Jinmei Auto Parts Co., Ltd. The total investment amount of the project is approximately 1 billion yuan, with fixed asset investment of about 500 million yuan, including land acquisition costs of about 52 million yuan, construction investment of about 200 million yuan, and new equipment purchase of about 250 million yuan. The funds will be self-financed. The project is expected to be completed and put into operation within 15 months after the start of construction, and achieve full production within 48 months.