Zongshen Power: The planning of significant asset swaps and affiliated transactions is still in progress.

Zongshen Power announced that the company intends to swap the assets and liabilities related to its motorcycle engine business with the assets and liabilities related to the general machinery business held by Loncin General, with the difference made up in cash. Loncin General is a company controlled by the actual controller of Zongshen. This transaction constitutes a related party transaction and is expected to constitute a major asset restructuring, which will not result in a change of control. Currently, the transaction is still in the planning stage, and specific elements have not been determined. The parties have not signed an agreement, and the plan requires further verification, negotiation, and completion of approval procedures.