Guizhou Tire: Guizhou Gongtou Plans to Transfer 51% or More Equity

Guizhou Tire Notice, the controlling shareholder Guizhou Gongtou's shareholders Guizhou Industrial Development Holdings Group Co., Ltd., Guiyang Foreign Trade Development Group Co., Ltd., and Guiyang Mineral Energy Investment Group Co., Ltd. intend to transfer more than 51% of their equity in Guizhou Gongtou to Guizhou Provincial Industrial Development Co., Ltd. This acquisition is still in the preliminary planning stage. If it progresses smoothly and is completed, it will result in changes in the equity structure and controlling shareholders of Guizhou Gongtou, as well as changes in the indirect controlling shareholders and actual controllers of Guizhou Tire. This matter will not have a significant adverse impact on the main business and financial condition of Guizhou Tire.