Taotao Auto Industry announced that the company held a board meeting on December 15, 2025 to review and pass the “Proposal on the Acquisition of 100% Shares in Overseas Companies”. The board of directors agreed that the company would use its own capital of $15 million to acquire 100% of Champion Motorsports Group Holdings, LLC's shares held by Champion Motorsports Group Investor, LLC through its parent company Trailblazer Motors Inc. Through this acquisition, the company undertook the target company's sales network, customer resources and own brands, etc., which helped the company expand its sales scale and its own brand matrix, open up upstream and downstream sales chains, and further achieve “efficient and low-cost” operation of sales channels, so as to continuously enhance the company's overall profitability and market competitiveness. After the acquisition is completed, the target company is included in the scope of the company's consolidated statements.

Taotao Auto Industry announced that the company held a board meeting on December 15, 2025 to review and pass the “Proposal on the Acquisition of 100% Shares in Overseas Companies”. The board of directors agreed that the company would use its own capital of $15 million to acquire 100% of Champion Motorsports Group Holdings, LLC's shares held by Champion Motorsports Group Investor, LLC through its parent company Trailblazer Motors Inc. Through this acquisition, the company undertook the target company's sales network, customer resources and own brands, etc., which helped the company expand its sales scale and its own brand matrix, open up upstream and downstream sales chains, and further achieve “efficient and low-cost” operation of sales channels, so as to continuously enhance the company's overall profitability and market competitiveness. After the acquisition is completed, the target company is included in the scope of the company's consolidated statements.