Dezhong Motors: Establishes fully owned subsidiary Zunyi Baocheng Automobile Sales Service Co., Ltd.

Dedo Automotive Announcement, the company's wholly-owned subsidiary Hunan Deyuan New Energy Automotive Group Co., Ltd. invested in the establishment of Zunyi Baocheng Automobile Sales and Service Co., Ltd., with a registered capital of 10 million yuan, and the legal representative is Wang Weilin. The new company is mainly engaged in automobile sales, wholesale of automobile accessories, and operation of the used car trading market. This investment aims to expand the product market, improve the layout of the industrial chain, and enhance the company's sustainable profitability. The investment funds come from its own funds and do not involve other forms of investment.