Golden Dragon Automobile: Intends to buy back all the shares held by China Development Fund Limited in its subsidiary for 205 million yuan.

Golden Dragon Automobile Announcement: Subsidiary Golden Dragon Investment Limited received a equity investment of 410 million yuan from China Development Fund Limited in 2015, with a investment period of 10 years and a return rate of 1.2%. According to the contract and agreement, the company will repurchase 24.12% equity of Golden Dragon Longhai Company held by China Development Fund for 205 million yuan on September 29, 2025. After this repurchase, the company will own 100% equity of Golden Dragon Longhai Company, and China Development Fund will no longer hold any equity of Golden Dragon Longhai Company.