Guoxuan Hi-Tech announced that Gotion Spain, a wholly-owned subsidiary of the company, plans to sign the “Phase I Dry House General Contract” and “Phase II General Contract” for the “29.1 GWh lithium battery project”, a subsidiary of the Volkswagen Group. The total contract amount is 1,094 million euros, of which the first phase contract amount is 295 million euros and the second phase contract amount is 799 million euros, all of which are fixed total prices. This transaction constitutes a related transaction. It has been reviewed and approved by the board of directors of the company. It still needs to be submitted to the shareholders' meeting for consideration, and does not constitute a major asset restructuring.

Guoxuan Hi-Tech announced that Gotion Spain, a wholly-owned subsidiary of the company, plans to sign the “Phase I Dry House General Contract” and “Phase II General Contract” for the “29.1 GWh lithium battery project”, a subsidiary of the Volkswagen Group. The total contract amount is 1,094 million euros, of which the first phase contract amount is 295 million euros and the second phase contract amount is 799 million euros, all of which are fixed total prices. This transaction constitutes a related transaction. It has been reviewed and approved by the board of directors of the company. It still needs to be submitted to the shareholders' meeting for consideration, and does not constitute a major asset restructuring.