SJA: Plans to publicly list and transfer 95% equity of Tieling Huachen Rubber and Plastic

Jinbei Automobile announced that the company plans to transfer 95% of the equity held by its subsidiary Shenyang Jincheng Automobile Technology Development Co., Ltd. in Tieling Huachen Rubber and Plastic Products Co., Ltd. through a public listing. Given that the total equity assessment value of Tieling Huachen Rubber and Plastic is -77.3644 million yuan, the initial listing price will not be less than 1 yuan. This transaction will publicly solicit trading partners through Shenyang United Property Rights Exchange Co., Ltd. As the public listing procedure has not yet been completed, the final trading partner is still uncertain, and it cannot be determined whether it constitutes a related party transaction. This transaction does not constitute a major asset reorganization. As of August 31, 2025, the company has receivables from Tieling Huachen Rubber and Plastic amounting to 42.2337 million yuan, of which 910,000 yuan is accounts receivable formed from normal business transactions, and 41.3237 million yuan is other receivables formed to support its development. Upon completion of this equity transfer, the aforementioned other receivables will result in the company passively providing financial assistance to a company outside the scope of the consolidated financial statements. The company will closely monitor the operational development of Tieling Huachen Rubber and Plastic and actively urge it to fulfill its repayment obligations, continuously pursuing recovery in its capacity as a creditor