Taotao Vehicle: The company's gas turbine power generation business has not yet generated sales.

On October 29, Taotao Vehicle Industry stated in its latest disclosed record of investor relations activities that the company's gas turbine power generation business is currently progressing smoothly, including work such as engine head procurement, maintenance and repair, plant planning, and R&D design, among which: some components with longer procurement cycles have also been ordered successively. The unit manufacturing cost of gas turbine generator sets is relatively high, and their R&D design, disassembly and repair, parts procurement, assembly and integration processes require a relatively long cycle. As of now, the company's gas turbine power generation business has not yet generated sales. Investors are kindly reminded to pay attention to investment risks.