KLM: Plans to transfer 63.0757% equity of Suzhou KLM held by its wholly-owned subsidiary KLM United to the company

KLM announced that the company plans to transfer 63.0757% equity held by its wholly-owned subsidiary Jinlong United in Suzhou Jinlong to the company. This equity transfer does not constitute a related party transaction and does not fall under the significant asset restructuring circumstances as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." This equity transfer is a non-monetary transfer of equity within the scope of the company's consolidated financial statements, does not involve cash payment, does not require approval from the company's shareholders' meeting, will not lead to changes in the scope of the company's consolidated financial statements, will not adversely affect the company's future financial and operational status, and does not harm the legitimate rights and interests of the company and all shareholders