Zongshen Power announced that the company plans to replace the assets and liabilities related to the motorcycle engine business with the shares of Chongqing Zongshen Engine Manufacturing Co., Ltd. as the core, with assets and liabilities related to the general machinery business held by Loncin GM. The difference will be covered by cash, without involving the issuance of shares. Since Longxin GM is controlled by the company's actual controller, this transaction constitutes a related transaction and is expected to constitute a major asset restructuring without changing the controlling shareholder and actual controller. A due diligence investigation is currently being organized. The specific elements have not been determined, no agreement has been signed, and the plan is awaiting verification, negotiation, and approval procedures.

Zongshen Power announced that the company plans to replace the assets and liabilities related to the motorcycle engine business with the shares of Chongqing Zongshen Engine Manufacturing Co., Ltd. as the core, with assets and liabilities related to the general machinery business held by Loncin GM. The difference will be covered by cash, without involving the issuance of shares. Since Longxin GM is controlled by the company's actual controller, this transaction constitutes a related transaction and is expected to constitute a major asset restructuring without changing the controlling shareholder and actual controller. A due diligence investigation is currently being organized. The specific elements have not been determined, no agreement has been signed, and the plan is awaiting verification, negotiation, and approval procedures.