Executive of Wuxi Autowell Technology Co., Ltd.'s (688516.SH) holding subsidiary increased holding of 45,000 shares in the company.

Wuxi Autowell Technology Co., Ltd. (688516.SH) announced that, according to the Equity Transfer Agreement of Wuxi Songci Electromechanical Co., Ltd. (referred to as the "Equity Transfer Agreement"), the company has already paid the transaction price to the relevant shareholders. In accordance with the "Equity Transfer Agreement," HUAYAN and FERNANDO OSCAR LIU have committed to increasing their shareholdings in the company by at least 70% of the after-tax funds from the sale of shares and voluntarily locking them for 12 months. On December 26, 2024, HUAYAN and FERNANDO OSCAR LIU made their first increase in the company's shares via the Shanghai Stock Exchange trading system in a centralized bidding manner, acquiring a total of 45,000 shares, representing 0.0143% of the total share capital of the company, with a total increase amount of 2.0262 million RMB (including transaction costs). This increase in shareholding has not been completed yet, and HUAYAN and FERNANDO OSCAR LIU will continue to increase their shareholdings in the company as per their commitments.