Ankai Bus (000868) announced on the evening of April 19. The company previously announced that on June 19, 2023, the company (“seller”) signed a sales contract with customer A (“buyer”), with a contract amount of US$61.524 million (approximately RMB 438 million). Contractual agreement: All vehicles must be shipped within 240 days after the seller receives an acceptable 100% irrevocable, non-transferable letter of credit. As of the disclosure date of the announcement, the company was unable to deliver the vehicle on time due to the buyer's failure to complete the letter of credit. According to the liability clause for breach of contract in the original contract, the parties agreed to terminate the above original contract by agreement. The original contract was terminated due to objective factors, and the parties did not pursue each other or bear responsibility for breach of contract.