Fengmao Corporation: Intends to sign a cooperation agreement with Jiaxing High-tech Industrial Development Zone, with a total estimated investment not exceeding 1.5 billion yuan.

Fengmao Inc. announcement: the company plans to sign the "Investment Cooperation Agreement for Jiaxing Automobile Parts Production Base" with the Management Committee of Jiaxing High-tech Industrial Development Zone, to purchase land in Jiaxing High-tech Industrial Development Zone for the construction of the Jiaxing Automobile Parts Production Base project. The total investment of this project is expected to be not more than 1.5 billion RMB, and the final investment amount will be subject to the actual investment in the project construction. This outward investment requires approval from the shareholders' meeting to take effect, and there is uncertainty about whether the agreement can take effect. The investment amount, production value at full capacity, and tax revenue at full capacity are all estimated values and are subject to uncertainty, and do not represent the company's forecast of future performance, nor do they constitute a commitment to shareholders' performance.