Wanxiang Qianchao announced that the company plans to purchase 100% of Wanxiang America Corp.'s shares and raise supporting capital by issuing shares and paying cash. This transaction constitutes a related transaction and is expected to constitute a major asset restructuring. As of the date of disclosure of the announcement, relevant due diligence, audit, evaluation, etc. are in progress. The transaction plan is being further negotiated, and the relevant parties have not signed formal transaction documents. The transaction still has to go through a number of procedures, and the results and timing are uncertain.

Wanxiang Qianchao announced that the company plans to purchase 100% of Wanxiang America Corp.'s shares and raise supporting capital by issuing shares and paying cash. This transaction constitutes a related transaction and is expected to constitute a major asset restructuring. As of the date of disclosure of the announcement, relevant due diligence, audit, evaluation, etc. are in progress. The transaction plan is being further negotiated, and the relevant parties have not signed formal transaction documents. The transaction still has to go through a number of procedures, and the results and timing are uncertain.