Yutong Bus: Subsidiary plans to invest US$100 million in an overseas carbon neutrality private fund

Yutong Bus announced that its wholly-owned subsidiary, Hong Kong Shengyu International Co., Ltd., intends to act as a limited partner and contribute US$100 million in overseas or self-raised funds to subscribe for fund shares in Lochpine Green Fund I, LP. The fund is managed by Lochpine Capital Limited, has a target size of US$1.5 billion, and a basic term of 10 years. It mainly invests in the upstream and downstream of the carbon neutrality sector and cutting-edge technologies, covering areas such as new lithium battery materials, green transportation, and electrification upgrades. This transaction does not constitute a related-party transaction or a major asset restructuring, and does not need to be submitted to the company's board of directors or shareholders' meeting for review.