Tianqi Automobile: Intends to acquire 50% equity of Dongshi Holdings in cash in stages, and the transaction is still under planning.

Tianqi Automotive announced that on April 9, 2025, the company signed an "equity acquisition intention agreement" with Desheng Shiliuhao, intending to purchase 50% of the equity of Dongshi held by Desheng Shiliuhao in cash in stages. The company currently holds 25% of the equity of Dongshi. After the transaction is completed, Dongshi will become a wholly-owned subsidiary, which is expected to constitute a major asset restructuring and not constitute a related party transaction. As of the disclosure date of the announcement, the preliminary work such as due diligence has been basically completed, but data needs to be updated, and the parties are still negotiating the transaction details. The formal agreement has not been signed yet, and it is still uncertain whether the cooperation can be finalized.