Changan Automobile and others become new shareholders of Chongqing Tailan New Energy Co., Ltd.

Chongqing Tailan New Energy Co., Ltd. has undergone industrial and commercial changes. Chongqing Chang'an Innovation Private Equity Investment Fund Partnership (Limited Partnership) under Chang'an Automobile, Zhejiang Southern Equipment Venture Capital Fund Partnership (Limited Partnership) under China North Industries Group Corporation, Chongqing Southern New Domain Venture Capital Fund Partnership (Limited Partnership), Xi'an Intelligent Manufacturing Innovation Industry Investment Partnership (Limited Partnership) and others are added as shareholders. At the same time, the registered capital has increased from approximately RMB 5.93 million to approximately RMB 6.23 million.