Zhongjie Automobile: Established a wholly-owned subsidiary in Hong Kong with its own capital of $500,000.

ZTE Automotive announced that the company will hold its fifteenth meeting of the third board of directors on August 26, 2025, and approve the proposal to establish a wholly-owned subsidiary in Hong Kong through external investment. The company has agreed to invest $500,000 in Hong Kong using its own funds. The registered capital of the company is 10,000 Hong Kong dollars, and the registered address is located in Hong Kong. The scope of business includes general parts, automobile parts, electronic products, import and export, as well as related technical services and consulting. This investment aims to enhance business competitiveness and expand development space, which is of great significance for the future development of the company.