Great Wall Electric announced that its wholly-owned subsidiary Changkai Factory Company plans to liquidate and cancel the participating subsidiary Ming Electric House Company. Mingdianshe Company was founded in 2004 with a registered capital of US$4.5 million, and Changkai Factory holds 40% of the shares. Due to the failure of the purpose of the joint venture, operating losses, and the suspension of operations in 2023, it is proposed to be cancelled after shareholders' negotiations. The Board of Directors reviewed and passed the bill on December 30, 2025. Mingdiansha was not included in the consolidated statement, and there was no change in the statement after cancellation. Changkai's initial investment of 148.985 million yuan has accumulated confirmed losses, which did not affect current operations, did not involve related transactions or major restructuring, and did not require review by the shareholders' meeting.

Great Wall Electric announced that its wholly-owned subsidiary Changkai Factory Company plans to liquidate and cancel the participating subsidiary Ming Electric House Company. Mingdianshe Company was founded in 2004 with a registered capital of US$4.5 million, and Changkai Factory holds 40% of the shares. Due to the failure of the purpose of the joint venture, operating losses, and the suspension of operations in 2023, it is proposed to be cancelled after shareholders' negotiations. The Board of Directors reviewed and passed the bill on December 30, 2025. Mingdiansha was not included in the consolidated statement, and there was no change in the statement after cancellation. Changkai's initial investment of 148.985 million yuan has accumulated confirmed losses, which did not affect current operations, did not involve related transactions or major restructuring, and did not require review by the shareholders' meeting.