5% equity interest in Zhejiang Kangsheng Shares was transferred to Jiangsu Ruijin

Zhejiang Kangsheng Co., Ltd. announced that its 5% equity will be transferred to Jiangsu Ruijin Equipment Technology Co., Ltd. The equity transfer agreement was signed by Kangsheng's shareholder Zhejiang Geely Yuancheng New Energy Commercial Vehicle Group Co., Ltd. and Jiangsu Ruijin on November 30. According to the agreement, Geely Commercial Vehicle will transfer its 56,820,000 unrestricted tradable shares (accounting for 5% of the company's total share capital) to Jiangsu Ruijin at a price of RMB 2.403 per share, with a total transfer price of RMB 136,538,460. After the completion of this equity transfer, Geely Commercial Vehicle will no longer hold Kangsheng's shares, and Jiangsu Ruijin will hold 5% of the company's shares. This transfer will not change the company's controlling shareholder or actual controller.