Changshu Auto Accessories: Increased capital for wholly-owned subsidiary by 7 million euros.

Changshu Auto Accessories Announcement: Based on strategic development plans and the need to expand business in Europe, the company intends to increase the capital of its wholly-owned subsidiary WAY Business Solutions GmbH by 7 million euros using its own funds, equivalent to approximately 57.8375 million RMB at the current exchange rate. After the capital increase is completed, the company will still hold 100% of WAY Business's shares. This capital increase will help lower its debt-to-asset ratio, ensure financing capabilities, enhance risk resistance, and facilitate better development, meeting the needs of the company's business expansion in the European market.