Tianqi Automobile Group plans to issue shares and pay cash to acquire 60% of Dongshi's shares.

Tianqi Automobile announced that the company plans to purchase 60.00% of the shares of Dongshi Automobile Technology Group Co., Ltd. through the issuance of shares and cash payment, and to issue shares to Xinjiang Jianfa Fanyu Industrial Investment Fund Partnership Enterprise to raise supporting funds. The audit and evaluation of the target assets have not been completed, and the specific transaction price has not been determined. The counterparty promises not to transfer the shares of the listed company obtained in this offering for 36 months from the end of this offering.