Fuyao Group: Intends to transfer 40% equity of equity investment company Fuyao Wanan.

Fuao Group Announcement: The company plans to transfer 40% equity of its subsidiary, Fuao Wan'an Brake Control System Co., Ltd., through public listing. According to the asset evaluation report issued by Zhonglian Asset Evaluation Group Co., Ltd., as of May 31, 2025, the book value of all owner's equity of Fuao Wan'an is 51.8895 million RMB, with an evaluated value of 65.555 million RMB. The company will use the evaluation value of 40% as the base price, and list it publicly on the Jilin Changchun Property Rights Exchange Center. The transferee and the final transaction price will be based on the public listing result. The purpose of this transaction is to optimize resource allocation, improve the overall asset quality of the company, focus on core businesses, enhance the concentration of strategic execution, and lay a solid foundation for the company's sustainable and healthy development.