Zhongke Electric announced that the company held a board of directors meeting on December 16, 2025 and agreed to repurchase 75% of the shares of the holding subsidiary Zhongke Star City Holdings held by Shenzhen Venture Capital New Materials Fund in cash, corresponding to a registered capital of 900 million yuan. The repurchase amount is not expected to exceed 1,183 million yuan and should be paid before December 29. After the transaction is completed, Zhongke Star City Holdings will change from a holding subsidiary to a wholly-owned subsidiary. On September 30, 2025, Zhongke Star City Holdings had net assets of 2,316 million yuan, revenue of 4.115 billion yuan and net profit of 320 million yuan from January to September 2025. This transaction does not constitute a major asset restructuring and does not affect the scope of consolidated statements.

Zhongke Electric announced that the company held a board of directors meeting on December 16, 2025 and agreed to repurchase 75% of the shares of the holding subsidiary Zhongke Star City Holdings held by Shenzhen Venture Capital New Materials Fund in cash, corresponding to a registered capital of 900 million yuan. The repurchase amount is not expected to exceed 1,183 million yuan and should be paid before December 29. After the transaction is completed, Zhongke Star City Holdings will change from a holding subsidiary to a wholly-owned subsidiary. On September 30, 2025, Zhongke Star City Holdings had net assets of 2,316 million yuan, revenue of 4.115 billion yuan and net profit of 320 million yuan from January to September 2025. This transaction does not constitute a major asset restructuring and does not affect the scope of consolidated statements.