Yutong Heavy Industries: Signed Supplementary Agreement for Transfer of 51% Stake in Subsidiary

Yutong Heavy Industries announced that its wholly-owned subsidiary, Zhengzhou Yutong Environmental Protection Technology Co., Ltd., will transfer 51% of its equity in Zhengzhou Luyuan Catering Kitchen Waste Treatment Co., Ltd. to Shangao Shifang Environmental Energy Group Co., Ltd. for approximately 70 million yuan. The change in controlling rights has been approved by the government. This supplementary agreement clarifies that if the service fee standard for catering kitchen waste treatment is adjusted between 2025 and 2027, the transaction price can be adjusted according to the agreed formula, with the maximum adjustment amount not exceeding 7.5 million yuan.