Botai Auto Federation (02889) was granted an increase in H shares by the vice president of the purchasing center and a 12-month voluntary sales ban promise, demonstrating firm confidence in the Group's development

Zhitong Finance App News, Botai Auto Federation (02889) issued an announcement. Since the current transaction price of the company's shares does not reflect the company's intrinsic value and firm confidence in the Group's business development prospects, implementation of the “soft and hard core cloud” integration strategy, and long-term investment value in cutting-edge directions such as smart cockpits, in-vehicle AI, vehicle-side computing power ecology, and vehicle optical interconnection, and to further highlight the high degree of agreement between the management team and the interests of the company and all shareholders, Mr. Liang Chen, vice president of the company's procurement center, increased the company's shares in the Hong Kong Stock Exchange's public market today. On September 16, 2026, Mr. Leung increased his holdings of the company's H shares in the open market through centralized bidding through the Stock Exchange trading system, accounting for about 0.017% of the total number of shares issued by the company on the date of this announcement. The total transaction amount was approximately RMB 2 million, and the average transaction price per share was approximately HK$84.28.

In order to further demonstrate the management team's firm confidence in the Group's long-term business development and intrinsic value, and stabilize investors' expectations, Mr. Leung has made a written voluntary sales ban promise to the company as follows: Within 12 months from the date of purchase and settlement of the increased H shares on the Stock Exchange, Mr. Leung will not sell, transfer, or dispose of the additional shares in any way (including but not limited to secondary market sales, bulk transactions, OTC agreement transfers, pledges, establishment of trusts, share swaps or derivatives transactions, etc.) Other burdens of rights to hold interests.