Zhangjiang High-tech: Changes in the elements of participating in the establishment of the fund, with the contribution amount reduced to 18.01 billion yuan.

Zhangjiang High-Tech announced that in 2020, the company, SAIC Group, and Hengxu Capital jointly established the Yuanjie Fund with a total investment of 7.2 billion yuan. The company subscribed 1.8 billion yuan and held a 25% stake. As of the announcement date, the Yuanjie Fund has invested 7.2 billion yuan and holds the same amount of registered capital of Zhiji Car. In order to simplify the equity structure, the Yuanjie Fund plans to physically distribute the 53.99 billion yuan registered capital of Zhiji Car to SAIC Group on January 31, 2025, after which SAIC Group will withdraw and the fund's investment amount will be reduced to 1.801 billion yuan. At the same time, Hengxu Capital will transfer its shares to Zhangjiang Haoke, and the Yuanjie Fund will appoint Zhangjiang Haosheng as the new manager. After the change, the company's investment ratio will be 99.944%. This adjustment will not have a significant impact on the company.