Fwei Corporation: Intends to increase the capital of FAW Qiyi by 150 million yuan through public delisting.

Fuwei Corporation Announcement: The company intends to participate in the capital increase of First Automobile Flag Wing through the Shenzhen United Equity Exchange in an open delisting manner, with an investment amount of 150 million RMB. This capital increase constitutes a related party transaction, but does not meet the criteria for a major asset restructuring. In the past 12 months, the company has invested 100 million RMB as a limited partner in the Fajizhi Fund with First Automobile equity. The related party transaction has been reviewed and approved by the independent directors' special meeting and the board of directors, and does not require approval by the shareholders' meeting. The transaction is currently in the phase of publicly soliciting investment partners, and there is uncertainty as to whether the delisting will be successful.