Shenzhen Sunway Communication Co., Ltd. (SZSE:300136) and Tang Yanmin agreed to acquire 10% stake in Jiangsu Sunway Intelligent Automotive Internet Technology Co., Ltd. from Li Gan for CNY1 on April 23, 2024. Before the transaction, the Company have 68% stakes in the target company. After the transaction, the Shenzhen Sunway Communication Co., Ltd. stakes in the target company shall increase to 75.5% and the target company shall become the Shenzhen Sunway Communication Co., Ltd. holding subsidiary.

This transaction was reviewed and approved in the Shenzhen Sunway Communication Co., Ltd. 8th meeting of the 5th board of directors held on April 23, 2024.