HUASHENG INTL provides additional information regarding the previously announced acquisition. Class A shares of the target company have no voting rights but enjoy dividend rights, while Class B shares have voting rights but no dividend rights. Templewater Investments is ultimately owned by Mr. Cliff Zhang and Investec Bank plc.Wisdom Group's main members are investment holding companies. Weichiteng Hong Kong recorded a loss of approximately 3.32 million HKD in the fiscal year 2023, mainly due to consulting fees. Weichiteng reported revenue of around 20.18 million HKD in the fiscal year 2023, but incurred an initial development loss of approximately 1.89 million HKD. Weichiteng Automobiles, as a cost center, recorded a loss of approximately 1.66 million HKD in the fiscal year 2023.After the acquisition is completed, HUASHENG INTL will indirectly hold 17.92% of the Class A non-voting shares of Wisdom Group Holdings Limited. Other major shareholders of Wisdom Group include several investment holding companies, with shareholding proportions ranging from below 10% to 20-30%. This acquisition will enhance HUASHENG INTL's layout in automobile-related businesses.

HUASHENG INTL provides additional information regarding the previously announced acquisition. Class A shares of the target company have no voting rights but enjoy dividend rights, while Class B shares have voting rights but no dividend rights. Templewater Investments is ultimately owned by Mr. Cliff Zhang and Investec Bank plc.Wisdom Group's main members are investment holding companies. Weichiteng Hong Kong recorded a loss of approximately 3.32 million HKD in the fiscal year 2023, mainly due to consulting fees. Weichiteng reported revenue of around 20.18 million HKD in the fiscal year 2023, but incurred an initial development loss of approximately 1.89 million HKD. Weichiteng Automobiles, as a cost center, recorded a loss of approximately 1.66 million HKD in the fiscal year 2023.After the acquisition is completed, HUASHENG INTL will indirectly hold 17.92% of the Class A non-voting shares of Wisdom Group Holdings Limited. Other major shareholders of Wisdom Group include several investment holding companies, with shareholding proportions ranging from below 10% to 20-30%. This acquisition will enhance HUASHENG INTL's layout in automobile-related businesses.