Zhejiang Agriculture Group: Intends to acquire 19% of Jinchen Automotive's shares held by affiliated parties for 64.98 million yuan.

Zhejiang Agriculture announced that, on February 28, its wholly-owned subsidiary Zhejiang Agricultural Materials intends to use no more than 64.98 million yuan of its own funds to acquire 19% equity in Jincheng Automobile held by director and general manager Zeng Yuefang. The transaction constitutes a related party transaction but does not constitute a major asset restructuring. After the completion of the transaction, Zhejiang Agricultural Materials will hold 71% equity in Jincheng Automobile, and the scope of the company's consolidated financial statements will remain unchanged. The final transfer price will be determined based on the audit data of Jincheng Automobile for the year 2025.