Kailong Technology: Intends to sell its shares in Power New Technology.

Kalron Technology announced that the company plans to sell the shares it holds in Shanghai New Power Automotive Technology Co., Ltd. The company currently holds 4.5951 million unrestricted shares of New Power Technology, accounting for 0.33% of its total share capital. This sale aims to optimize the asset structure and improve asset operation efficiency. The transaction methods include centralized bidding and bulk trading, with the number of shares sold not exceeding 4.5951 million. The specific transaction price will be determined based on the secondary market stock price trend. The authorization period for the transaction is within 12 months from the date of approval by the shareholders' meeting.