Feilo Audio announced that Auto Electronics, a wholly-owned subsidiary, has completed the transfer of 20% of its shares in the joint venture Shanghai Nissei Instruments Co., Ltd. through public listing on the Shanghai Joint Property Exchange. The transaction price was RMB 104 million, and the transferee was Nippon Seiki Co., Ltd. After the transaction is completed, Auto Electronics will no longer hold shares in Shanghai Nissei and is expected to achieve an investment income of about 8.9 million yuan. This transaction will help the company focus on its main business resources, revitalize assets, and raise profit levels. It will not have a significant impact on the company's operation and business development.

Feilo Audio announced that Auto Electronics, a wholly-owned subsidiary, has completed the transfer of 20% of its shares in the joint venture Shanghai Nissei Instruments Co., Ltd. through public listing on the Shanghai Joint Property Exchange. The transaction price was RMB 104 million, and the transferee was Nippon Seiki Co., Ltd. After the transaction is completed, Auto Electronics will no longer hold shares in Shanghai Nissei and is expected to achieve an investment income of about 8.9 million yuan. This transaction will help the company focus on its main business resources, revitalize assets, and raise profit levels. It will not have a significant impact on the company's operation and business development.