Geely Automobile: Establishment of joint venture shareholder agreement takes effect.

Geely Automobile Announcement: The company has completed the approval process with the Chongqing Industrial Mother Fund, and the joint venture framework agreement will take effect on April 9, 2025. On June 5, Zhejiang Jirun, Chongqing Maichi, Lotus Robot, and the employee incentive platform signed a shareholder agreement on the management of the joint venture company. The equity structure of the joint venture company is as follows: this group, Chongqing Maichi, Qianli Partnership hold 30% each, Lotus Robot and the employee incentive platform hold 5% each. The initial term of the joint venture company is 20 years, and can be terminated early. The founding shareholders must decide whether to extend it three months before the expiration of the term.