On December 12, 2022, Zhuoyue Cars, a shareholder of the issuer Zhejiang Founder Motor, submitted a written request proposing to add an interim proposal to the agenda of the 2022 Fourth Extraordinary Shareholders' Meeting. The proposal aimed to review the subsidiary proposal titled 'Providing Guarantees for Three Wholly-owned Subsidiaries of the Company' under the main agenda item 'Proposal to Increase the Membership of Zhejiang Commercial Bank's Asset Pool. The guarantee consist of agreement by the issuer to provide asset pool pledge guarantees for debts of up to CNY 100 million (converted) in total principal balance formed by its wholly-owned subsidiaries, Zhejiang Fangzheng (Hubei) Auto Parts Co., Ltd., Shanghai Hainen Automotive Electronics Co., Ltd., Shenzhen Gaoke Run Electronics Co., Ltd., and Lishui Fangde Import and Export Trading Co., Ltd., at the Lishui Branch of Zhejiang Commercial Bank.

These guarantees, with a ten-year term, were intended to support the daily business operations of the mentioned subsidiaries and were provided with joint and several liability by the issuer. Additionally, the issuer also agreed to provide joint and several guarantees for debts formed by the above-mentioned subsidiaries in Lishui Branch of Zhejiang Commercial Bank, resulting from asset pool business transactions using the credit lines allocated by the issuer to these wholly-owned subsidiaries.