Gelonghui Group (300428.SZ) announced that Tianjin Lizhong Wheel Co., Ltd. (hereinafter referred to as “Lizhong Wheel”), a subsidiary of the company, recently received a fixed-point notice from an international luxury car manufacturer (hereinafter referred to as “Customer 1”) and an internationally renowned automobile manufacturer (hereinafter referred to as “Customer 2”) for an aluminum alloy wheel project (limited to a confidentiality agreement, and its name cannot be disclosed, hereinafter referred to as “Customer 1” and “Customer 2”).

The customer 1 project is expected to begin mass production in the second half of 2026. The project life cycle is 4-5 years, with an estimated sales amount of about 210 million yuan; the customer 2 project is expected to begin mass production in April 2025. The project life cycle is 5 years, and the estimated sales amount during the project cycle is about 1.2 billion yuan. Client 1 and Client 2 expect total sales of approximately $1.41 billion during the project period. This targeted project does not rule out the possibility of joint use of the product with other projects in the future.