Hangcha Group: Transfer 17.81% equity of holding subsidiary for 306 million yuan to related party

Hangcha Group announced that Kunxia Investment plans to transfer its 17.8058% equity in Hangcha National Smart Intelligence, valued at 30631.5230 million yuan, to the company's controlling shareholder and director Qiu Jianping. The company waives its preemptive purchase right. This transaction constitutes a related party transaction but does not constitute a major asset restructuring, and does not require shareholder approval. After the completion of the transaction, Hangcha National Smart Intelligence will still be a subsidiary of the company, and the scope of consolidation will remain unchanged. On July 9, 2026, the company's board of directors approved the proposal.