Zongshen Power announced that the company plans to replace assets and liabilities related to the motorcycle engine business with assets and liabilities related to the general machinery business held by Loncin GM, and make up the difference with cash. Longxin GM is a company controlled by the company's actual controller. This transaction constitutes a related transaction, which is expected to constitute a major asset restructuring, and will not lead to a change in controlling interest. Currently, the deal is still in the planning stage. The specific elements have not been determined, the two parties have not signed an agreement, and the plan requires further verification, negotiation, and approval procedures.

Zongshen Power announced that the company plans to replace assets and liabilities related to the motorcycle engine business with assets and liabilities related to the general machinery business held by Loncin GM, and make up the difference with cash. Longxin GM is a company controlled by the company's actual controller. This transaction constitutes a related transaction, which is expected to constitute a major asset restructuring, and will not lead to a change in controlling interest. Currently, the deal is still in the planning stage. The specific elements have not been determined, the two parties have not signed an agreement, and the plan requires further verification, negotiation, and approval procedures.