Xinquan Stock: Xinquan Limited Company has completed its establishment.

New Spring Corporation Announcement: The company has established New Spring GmbH in Munich, Germany, with an investment of 36 million euros through its wholly-owned subsidiary in Singapore, New Spring, and has established New Spring Automotive Components GmbH in Bavaria, Germany, with an investment of 30 million euros by New Spring. Recently, the company has completed the establishment of New Spring GmbH and obtained the registration certificate. The registered capital of New Spring is 100,000 euros, with the equity structure held 100% by New Spring in Singapore.