Weichai (Yangzhou) Yaxing New Energy Commercial Vehicle Co., Ltd. Annual Major Information Disclosure

1. Basic Information of the Company

1.Company Name: Weichai (Yangzhou) Yaxing New Energy Commercial Vehicle Co., Ltd.

2. Legal Representative: Wu Yongsong

3. Registered Address: No. 8, Yangling Road, Yangzhou City

4. Registered Capital: 100.8452 million yuan

5. Website:http://www.wcyzsyc.cn/

2. Business Scope

Development, production, sales, and service of buses and bus chassis; research and development, manufacturing, sales, and service of automotive parts; import and export business of various goods and technologies; automotive technology and business consulting services.

3. Company Profile

Weichai (Yangzhou) Yaxing New Energy Commercial Vehicle Co., Ltd. is a vehicle design and manufacturing enterprise under Weichai Holding Group, and is a wholly-owned subsidiary of Weichai (Yangzhou) Yaxing Automobile Co., Ltd., covering an area of144 acres, with a factory building area of about 60,000 square meters, and currently has more than 200 employees.

In June 2017, the company undertook the production qualification of Weichai Yangzhou Company and obtained new energy access, becoming a vehicle manufacturing enterprise listed in the 'Announcement'; in April 2018, it successfully passed the IATF16949:2016 new standard transition audit and obtained the certificate; in 2019, it smoothly passed the review of the production qualification access for pure electric and hybrid new energy buses under Order No. 39, and added production qualifications for fuel cell vehicles and light buses. Currently, it has an annual production capacity of 5,000 various buses (including bus chassis); in December 2019, it was recognized as a national high-tech enterprise; the company has a municipal technology center engaged in product research and development and manufacturing.

4. Major Events of the Company in the Year

1. Major Events in 2021

1) On May 27, 2021, the shareholders decided to remove Huang Xiangfu from the supervisor position and appointed Ding Ning as the company's supervisor.

2) On July 26, 2021, the shareholders decided that Comrade Qian Dong would no longer serve as the chairman and director of the company, and reappointed Comrade Wang Qiren as the company's director and chairman, with a term ending when the current board of directors' term expires.

The current board of directors has been changed to Wang Qiren, Wang Chunding, Li Fujun, Shen Ming, and Wang Shengcun.

3) On December 21, 2021, the shareholders decided to change the board of directors to three members and accordingly amend the relevant provisions of the company's articles of association; approved the company's 'Amendment to the Articles of Association'.

Comrade Wang Qiren will no longer serve as the chairman and director of the company, and Comrades Li Fujun and Wang Shengcun will no longer serve as directors of the company;

Comrade Dong Changjiang was reappointed as the company's director, along with Wang Chunding and Shen Ming, forming a new board of directors, with a term ending when the current board of directors' term expires. Comrade Wang Chunding serves as the chairman and is the legal representative of the company.

2. Major Events in 2022

1) On January 14, 2022, after deliberation by the attending directors, the following resolution was unanimously passed:

Wang Shengcun will no longer serve as the company's financial director.

Dong Changjiang was appointed as the company's general manager, and Wang Chunding will no longer serve as the company's general manager.

2) On February 10, 2022, the shareholders decided that Comrade Wang Chunding would no longer serve as the chairman and director of the company, and reappointed Comrade Wu Yongsong as the company's director and chairman, with a term ending when the current board of directors' term expires.

The current board of directors has been changed to Wu Yongsong, Dong Changjiang, and Shen Ming.

3) On March 11, 2022, after deliberation by the attending directors, the following resolution was unanimously passed:

Li Ming'an will no longer serve as the company's deputy general manager.

4) On September 5, 2022, the shareholders decided that Shen Ming would no longer serve as a director of the company, and appointed Wang Ping as the new director of the company, with a term ending when the current board of directors' term expires.
The current board of directors has been changed to Wu Yongsong, Dong Changjiang, and Wang Ping.

5) On October 25, 2022, after deliberation by the attending directors, the following resolution was unanimously passed:
Appoint Ma Qingyang as the company's financial director.

3. Major Events in 2023
1) On July 17, 2023, the shareholders decided that Dong Changjiang would no longer serve as a director of the company, and appointed Tian Liang as the company's director, with a term ending when the current board of directors' term expires.
The current board of directors has been changed to Wu Yongsong, Tian Liang, and Wang Ping.