Aotewei: To use 144 million yuan to acquire an 8.99% stake in Songci Electrical and Mechanical.

Announcement from Autway: The company plans to use its own and self-raised funds totaling 144 million yuan to acquire a minority stake in Songci Mechanical and Electrical Co., Ltd., a subsidiary of the company's controlling shareholder, held by Wu Weizhong, Chen Yaomin, Cai Zhifang, and Shangrao City Changxin No. 3 Enterprise Management Center, totaling 8.99% of Songci Mechanical and Electrical's equity. After this transaction is completed, the company's direct stake in Songci Mechanical and Electrical will increase from 73.84% to 82.83%, and there will be no change in the company's consolidated financial statements. This transaction has been approved by the 21st meeting of the Fourth Board of Directors of the company and does not require approval by the company's shareholders' meeting.