Zeropar Automotive: Changes in the shareholding of the largest single shareholder group do not affect the founder group's voluntary lock-up commitment.

On the evening of July 11, Zero Run Cars announced on the Hong Kong Stock Exchange that Hangzhou Mingzhaoshengye Enterprise Management Partnership Enterprise holds 10,800,000 H-shares of the company, with Zhu Jiangming as the managing partner and two limited partners each being an independent third party. Hangzhou Mingzhaoshengye's representative limited partner will reduce its holding of all shares of the company held through Hangzhou Mingzhaoshengye. After the limited partner reduces its holding, Hangzhou Mingzhaoshengye will continue to represent Zhu Jiangming holding 6,200,000 H-shares. Following the reduction of the limited partner's holding, Zhu Jiangming and Fu Lichuan and their affiliated single largest shareholder group collectively hold 200,946,438 H-shares and 128,517,839 domestic shares of the company, accounting for 24.64% of the total issued shares of the company. Due to the reduction of the limited partner's holding being an action of Hangzhou Mingzhaoshengye's limited partner, it does not affect the 10-year voluntary lock-up commitment made by the founding group and their spouses (Liu Yunzhen, Fu Lichuan, and Chen Ailing) on October 31, 2023.