Qianli Technology: Wholly-owned subsidiary plans to transfer the intellectual property rights of the research and development of vehicle models worth 345 million yuan.

Qianli Technology Announcement: its wholly-owned subsidiary Rui Lan Manufacturing intends to sign the "P658 Project Technology Transfer Agreement" with Ningbo Geely Automobile Research and Development Co., Ltd., transferring the technical intellectual property rights of the research vehicle models to Ningbo Institute at a transaction price of 345 million RMB. This transaction is in line with the company's strategic development and operational management needs, conducive to focusing on the advantages of the product matrix, effectively revitalizing company resources, optimizing business and asset structure, and serving the long-term interests of the company and shareholders.