Sky Auto Model: Intends to acquire 50% equity of Dongshi Holdings in cash, the transaction is still in planning.

Tianqi Auto announced that the company plans to acquire 50% of the equity of Dongshi Holdings held by Desheng Number 16 through cash payments in multiple installments on April 9, 2025. After the completion of the transaction, Dongshi Holdings will become its wholly-owned subsidiary. The company currently holds 25% of Dongshi Holdings' equity. This acquisition is expected to constitute a major asset restructuring, but does not constitute a related party transaction, nor will it lead to changes in the controlling shareholders and ultimate beneficiaries. As of the disclosure date of the announcement, the preliminary due diligence, audit, assessment, and other work have been basically completed. However, due to the expiration of the financial data, all parties are currently negotiating the transaction details and have not yet signed a formal agreement, which poses uncertainties.