Xinquan Co., Ltd.: Established a wholly-owned subsidiary in Kaifeng, Kaifeng Xinquan Auto Parts Co., Ltd has completed registration.

New Quan Corporation Announcement: The company held a board meeting on February 4, 2026 and approved the proposal to invest in the establishment of a wholly-owned subsidiary, Kaifeng New Quan Auto Parts Co., Ltd., in Kaifeng City, Henan Province. Recently, the company has completed the business registration procedures and obtained the Business License. The registered capital is 50 million RMB, mainly engaged in the research and development, design, manufacturing, and sales of auto parts. This investment meets the company's operational development needs, helps cultivate new profit growth points, and improves overall competitive strength.