Tianqi Automobile: The major asset restructuring has not yet signed a formal agreement.

Tianqimo issued a public announcement on the abnormal fluctuations in stock trading. The company signed an Intention Agreement for Equity Acquisition with the shareholder Desheng Shiliu of Dongshi Shares, intending to acquire 50% of the target company's equity held by Desheng Shiliu in cash in stages. Currently, the company holds 25% of the target company's equity. After this transaction is completed, Dongshi Shares will become a subsidiary of the company. As of the disclosure date of this announcement, the major asset restructuring work is in progress, with various due diligence, auditing, evaluation, and other work underway. The parties involved in the transaction are in ongoing communication and negotiation, and a formal agreement has not yet been signed. The signing of the formal agreement still requires the necessary decision-making process to be completed, and there is a risk of not passing the relevant decision-making approval process. There is still a certain level of uncertainty as to whether cooperation can be achieved and a formal agreement can be signed in the end.