NIngbo Boway Alloy Material (601137.SH) subsidiary plans to transfer rights to tax exemptions for the production of advanced manufacturing industry in the United States.

Ningbo Boway Alloy Material (601137.SH) announced that in order to accelerate the progress of overseas business disposal, optimize the company's asset structure, and improve the efficiency of fund utilization, taking into account the tax situation in the United States, the tax credits can be used for self-use. The company has applied for a refund from the federal government or sold to a third party for tax credits. For the sake of convenience and rapid cash recovery, the company's overseas subsidiary Boviet Solar USA, Ltd. intends to transfer its tax credit rights corresponding to the 2025 fiscal year of the US solar component production and sales project to AutoZone Parts, Inc. The transfer price of the tax credit is 0.92 USD for every 1.00 USD tax credit, with a total tax credit amount of 34.0191 million USD and a total consideration of 31.2975 million USD. Upon completion of this transaction and after deducting the corresponding expenses, it is expected to increase the company's net profit for 2026 by approximately 29.3931 million USD. The specific amount is subject to the data after the annual audit. The company will effectively recover overseas funds, optimize the company's cash flow and asset structure, improve the overall asset operation efficiency, increase the company's operating income, and protect the company and all shareholders' legitimate rights and interests.