Changqing shares intends to borrow money from its subsidiary to implement an integrated die-casting project

Hefei Changqing Machinery Co., Ltd. (hereinafter referred to as Changqing Co., Ltd.) plans to provide an interest-free loan of no more than RMB 306.3585 million to its wholly-owned subsidiary Hefei Changjie Auto Parts Co., Ltd. to implement its large-scale integrated die-casting project for new energy vehicles. The project is currently in the commissioning stage in Chaohu City, Hefei, and has obtained product trial production projects and designated projects from some customers. The project aims to accelerate the production of new energy vehicle chassis die-casting parts and new energy vehicle battery shells, with an estimated annual production capacity of 160,000 and 40,000 pieces respectively.