Wutong Holdings announced that in order to advance the two-wheel drive development strategy, consolidate the intelligent manufacturing business, and improve the efficiency of management decisions, the company plans to acquire 20% of the shares held by Pei Zhonghui, a minority shareholder of the holding subsidiary Suzhou Wutong Intelligent Electronics Co., Ltd., for 84 million yuan in cash. After the transaction is completed, the company will hold 100% of the shares in smart electronics. The transaction has been reviewed by the board of directors and the board of supervisors, and there is no need to submit it to the shareholders' meeting for consideration. This transaction does not constitute a related transaction or major asset restructuring. Smart Electronics had revenue of 473 million yuan and net profit of 26.8058 million yuan in 2024; revenue of 105 million yuan and net profit of 13.2595 million yuan in the first quarter of 2025. The transaction price is based on the evaluation report issued by North Asia Asset Appraisal Co., Ltd. and determined through negotiations between the two parties. Pei Zhonghui promised to use 30% of the transaction price to buy shares of listed companies in the secondary market and voluntarily locked in for 12 to 36 months.

Wutong Holdings announced that in order to advance the two-wheel drive development strategy, consolidate the intelligent manufacturing business, and improve the efficiency of management decisions, the company plans to acquire 20% of the shares held by Pei Zhonghui, a minority shareholder of the holding subsidiary Suzhou Wutong Intelligent Electronics Co., Ltd., for 84 million yuan in cash. After the transaction is completed, the company will hold 100% of the shares in smart electronics. The transaction has been reviewed by the board of directors and the board of supervisors, and there is no need to submit it to the shareholders' meeting for consideration. This transaction does not constitute a related transaction or major asset restructuring. Smart Electronics had revenue of 473 million yuan and net profit of 26.8058 million yuan in 2024; revenue of 105 million yuan and net profit of 13.2595 million yuan in the first quarter of 2025. The transaction price is based on the evaluation report issued by North Asia Asset Appraisal Co., Ltd. and determined through negotiations between the two parties. Pei Zhonghui promised to use 30% of the transaction price to buy shares of listed companies in the secondary market and voluntarily locked in for 12 to 36 months.