Fangzheng Electric: A wholly-owned subsidiary invested 13.65 million yuan to establish a joint venture company, holding 39% of the shares.

Fangzheng Electric announced that its wholly-owned subsidiary, Shanghai Haineng Automotive Electronics Co., Ltd., has signed a Joint Venture Agreement with Guangxi Jukong Industrial Investment Co., Ltd. to jointly invest in establishing a joint venture company with a registered capital of 35 million yuan. Among this, Guangxi Jukong will invest 21.35 million yuan, accounting for 61%, while Shanghai Haineng will invest 13.65 million yuan, accounting for 39%. The provisional name of the joint venture company is "Guangxi Guixin Zhikong Technology Co., Ltd.", which will be engaged in the research and development, manufacturing, and sales of engine electronic control systems, gas injection systems, and other products. This external investment has been approved by the Company's 9th Second Board Meeting on August 10, 2026.