Golden Cup Automobile: Transfer of 95% equity of subsidiary terminated due to disagreement with the intended transferee.

Golden Cup Automobiles announced that the company had previously planned to publicly list the transfer of 95% equity of its subsidiary Tieling Huacheng Rubber and Plastic Company. There was one potential buyer interested in purchasing the shares. Recently, disagreements arose between the potential buyer and the company regarding the changes in net assets after the audit benchmark date and other related matters. As a result, the subsidiary Golden Morning Automobiles and the potential buyer signed a "Equity Termination Transaction Agreement," agreeing to terminate the share transfer project transaction. The potential buyer has received the related funds returned by the Property Rights Exchange on July 3, 2026.