Yatong Co., Ltd. announced that Shanghai Yashen Suwei New Energy Development Co., Ltd., a wholly-owned subsidiary of the company, plans to invest 20 million yuan in its own cash to establish Kunshan Yashen Suwei Comprehensive Energy Co., Ltd. as a wholly-owned subsidiary, accounting for 100% of its registered capital. The transaction has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for approval. It still requires approval from the state-owned assets supervision and administration department. It does not involve a related transaction, and does not constitute a major asset restructuring.

Yatong Co., Ltd. announced that Shanghai Yashen Suwei New Energy Development Co., Ltd., a wholly-owned subsidiary of the company, plans to invest 20 million yuan in its own cash to establish Kunshan Yashen Suwei Comprehensive Energy Co., Ltd. as a wholly-owned subsidiary, accounting for 100% of its registered capital. The transaction has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for approval. It still requires approval from the state-owned assets supervision and administration department. It does not involve a related transaction, and does not constitute a major asset restructuring.