Chongqing Sokon Industry Group Stock (09927) signed a "Cooperation Agreement" with the People's Government of Shapingba District, Chongqing City.

Chongqing Sokon Industry Group Stock (09927) announced that on February 8, 2026, the company signed a cooperation agreement with the People's Government of Shapingba District, Chongqing (hereinafter referred to as "Shapingba District Government"). The company will use its existing assets related to Blue Electric Vehicles to establish a target company (name to be determined, hereinafter referred to as the "target company"), with the Shapingba District Government forming or introducing a limited partnership enterprise (or fund) (hereinafter referred to as "Party A SPV") and other investors and management team injecting capital into the target company. After the capital injection, Party A SPV will hold approximately 33.5% of the shares, other investors will hold approximately 18.5% of the shares, the company and its designated entities will hold approximately 32% of the shares, and the target company's employee shareholding platform will hold approximately 16% of the shares. The board of directors of the target company will consist of 5 members, with the company appointing 1 person. The purpose of this cooperation in divesting existing assets is to optimize the company's asset structure, align with the company's strategic development, and benefit the company's long-term growth. After the capital injection, the company will be a shareholder of the target company, but will not have control over it. The signing of this agreement may have uncertain impacts on the company's operational performance.