Volkswagen Public (01635): Shanghai Gas Chongming and Volkswagen Logistics have signed a unified distribution and safety service contract for bottled LPG

Zhitong Finance App News, Volkswagen Public (01635) announced that on December 19, 2025, Shanghai Gas Chongming and Volkswagen Logistics signed a unified distribution and safety service contract for bottled liquefied petroleum gas. According to this, Shanghai Gas Chongming handed over bottled liquefied petroleum gas in Chongming District, Shanghai, China to carry out unified distribution, installation and safety inspections of motor vehicles, while Shanghai Gas Chongming paid for related services to mass logistics distribution.

On December 19, 2025, Shanghai Dongfang Energy and Dazhong Logistics Distribution signed a contract for liquefied gas cylinder users. According to this, Shanghai Dongfang Energy handed over the LPG cylinder user distribution service in Shanghai, China to which it belongs to Volkswagen Logistics to carry out motor vehicle delivery, installation, commissioning and safety inspections, while Shanghai Dongfang Energy paid for related services to mass logistics distribution.

Mass Logistics Distribution has a full understanding of the business and needs of Shanghai Gas Chongming and Shanghai Oriental Energy, and can communicate in an effective manner. In addition, mass logistics distribution has rich transportation and distribution experience and professional qualifications. Therefore, the board of directors believes that mass logistics distribution can effectively provide unified distribution and safety services for bottled liquefied petroleum gas to Shanghai Gas Chongming and Shanghai Dongfang Energy, and effectively provide gas cylinder user delivery services to Shanghai Dongfang Energy.

Directors (including independent non-executive directors, with the exception of Mr. Zhao Yeqing, non-executive director) believe that the unified distribution and safety service contract for bottled liquefied petroleum gas and the transactions to be carried out under the LPG cylinder user-commissioned distribution service contract (including annual limits) are all reached after fair negotiations between the contracting parties after fair negotiation, and are based on normal commercial terms or better terms in the general and daily business processes of the Group, which is fair and reasonable and conforms to the overall interests of the Company and its shareholders.