Demonstrating confidence in development, Guangzhou Pingan, a shareholder of Botai Auto Federation (02889), voluntarily extended the sales ban

Zhitong Finance App News, Botai Auto Federation (02889) announced that the company has received a voluntary ban on sale from Guangzhou Ping An Consumer Equity Investment Partnership (Limited Partnership) (Guangzhou Ping An), the shareholder has voluntarily promised the company that, based on firm confidence in the company's future prospects and long-term value, in order to support the company's long-term business development and overall stability, the ban period originally required from September 30, 2025 (including that date) will be extended to 18 months from the listing date (including that date) (18) pcs Monthly sales ban period. The company still maintains communication with other shareholders of the company from time to time, and it is expected that it will further obtain voluntary promises from other shareholders to extend the sales ban in the future.

The company also received a voluntary sales ban agreement from Sanfeng Holdings Management Co., Ltd. (Sanfeng Holdings) on October 13, 2026. Based on firm confidence in the company's future prospects and long-term value, in order to support the company's long-term business development and overall stability, Sanfeng Holdings agreed to make a ban on the sale of the underlying shares. Within six (6) months from the date of signing of Sanfeng Holdings' anti-sale commitment, Sanfeng Holdings will not sell, transfer, dispose of the underlying shares or impose any other rights on the underlying shares by any means (including but not limited to secondary market sales, bulk transactions, OTC agreement transfers, pledges, created trusts, share swaps, or derivatives transactions) or establish any other rights and liabilities affecting the rights and interests held by Sanfeng Holdings in any way (including but not limited to secondary market sales, bulk transactions, OTC agreement transfers, pledges, trust creation, share swaps, or derivatives transactions).

As of the date of this announcement, the shareholder and Sanfeng Holdings held a total of 6,159,817 shares of the company, accounting for about 3.69% of the company's total issued shares.

Furthermore, according to the company's voluntary announcement dated March 30, 2026, cornerstone investors Horizon Together Holding Ltd. (Horizon) and JSC International Investment Fund SPC (Huangshan SP) voluntarily extended the ban promise to extend the ban period of six (6) months from the listing date (including that date) to 18 (18) months from the listing date (including that date). The company hereby reaffirms that Cornerstone Investors' commitment to voluntarily extend the ban remains in effect.

The board of directors believes that the shareholders' voluntary extension of the ban, the voluntary extension of the ban by Sanfeng Holdings and the voluntary extension of the ban by Cornerstone investors indicate that Guangzhou Ping An, Sanfeng Holdings and Cornerstone investors are all confident in the future prospects of the company and are willing to support the positive development of the company's business for a long time.