Guoxuan High-tech and Volkswagen China signed a supplementary agreement to extend the commitment period to waive voting rights

Guoxuan High-tech recently signed a supplementary agreement with its strategic shareholder Volkswagen China, extending Volkswagen China's commitment to give up its voting rights in Guoxuan High-tech to December 15, 2027. As a wholly-owned subsidiary of Volkswagen Group in China, Volkswagen China currently holds 24.57% of Guoxuan High-tech's shares and is the largest shareholder. The signing of this agreement will help ensure the steady development of Guoxuan High-tech.