Zhejiang Wanfeng Auto Wheel announcement: The cooperation model for the memorandum of understanding on the establishment of a joint venture company previously signed by the subsidiary Wanfeng Aircraft with Volkswagen (China) has been terminated, but both parties will continue to collaborate in areas such as automotive lightweighting. At the same time, Wanfeng Aircraft has signed a technical cooperation memorandum of understanding in the electric vertical takeoff and landing aircraft (eVTOL) field with Volkswagen (Germany), intending to collaborate in industrial design, exterior and interior component design in the aviation field, human-machine interaction, and information software and hardware development, Wanfeng Aircraft also plans to purchase relevant intellectual property rights and assets from Volkswagen (Germany). The technical cooperation memorandum of understanding is exclusive for 12 months from the date of signing. The company stated that the above cooperation will not have a significant impact on this year's financial condition and operational results, nor will it affect the business and operational independence of the company. The company will, in accordance with the subsequent progress, fulfill the corresponding decision-making review procedures and information disclosure obligations.