Tianqi Auto: Controlling shareholders are planned to be changed to the State-owned Assets Supervision and Administration Commission of Toutunhe District, Urumqi City.

Tianqi Modu announced on September 25th that on September 24th, the company's controlling shareholder and actual controller Hu Jinsheng, Ren Wei, and others signed a share transfer agreement with Xinjiang Jianfa Fanyu Industrial Investment Fund Partnership Enterprise. Hu Jinsheng and others plan to transfer a total of 162 million shares of the company to Jianfa Fanyu, accounting for 15.94% of the total share capital of the company. At the same time, Ren Wei has promised to waive the voting rights corresponding to the remaining 1.0085% of the company shares he holds from the delivery date. If this transaction is successfully completed, the company's controlling shareholder will change from Hu Jinsheng and others to Jianfa Fanyu, and the actual controller will change to Urumqi Economic and Technological Development Zone State-owned Assets Supervision and Administration Commission. In addition, the company's controlling shareholder has terminated the share transfer intention agreement signed with Anhui Chaocheng New Materials Technology Co., Ltd. on July 9, 2024.