Jinbei Automobile plans to sell 95% stake in Tieling Brilliance Rubber & Plastic

Jinbei Automobile plans to sell its 95% stake in Tieling Huachen Rubber & Plastic Products Co., Ltd. for no less than 1 yuan. The assessed value of Tieling Huachen Rubber & Plastic's shareholders' equity is -77.3644 million yuan. Jinbei Automobile's primary business is the research and development and manufacturing of automotive interior components and seats, with revenue expected to reach 4.366 billion yuan in 2024.