Chairman of Fuyao Glass invests in Bo-Tai car alliance.

Botech Car Union Announcement: The company has issued the "Announcement on Issuance of New H Shares under General Authorization" on April 27, 2026. The company has entered into a subscription agreement with Three Peak Holdings Management Limited. The subscriber conditionally agrees to subscribe, and the company conditionally agrees to issue and distribute a total of 895,800 new H shares at a subscription price of HKD 127.35 per share. The subscribed shares account for approximately 1.19% of the company's existing issued H shares, and after the issuance, it will account for approximately 1.18% of the expanded H shares. According to the announcement, the total amount raised from the subscription is approximately HKD 1.141 billion. The estimated net amount from the subscription is approximately HKD 1.1361 billion. Approximately 60% of the net proceeds will be used for AI technology applications, product research and development, and related business expansion, while the remaining 40% will be used for operating funds and general corporate purposes, with the full amount expected to be utilized by December 31, 2026. Botech Car Union stated that this subscription transaction, by introducing a well-known long-term strategic investor in the industry, further optimized the company's shareholder structure and laid the foundation for the two parties to build a forward-looking and strategically deep industry linkage on the industrial chain. Public information shows that the subscriber, Three Peak Holdings, is a Hong Kong investment holding company, and its ultimate beneficial owner is Cao Hui, the son of the "Glass King" Cao Dewang and the current chairman of Fuyao Glass.