002355SZSE

Announcement on the Full Completion of Performance Commitments by a Subsidiary

✨ AI Summary

This announcement details the completion of performance commitments by Beijing Nine-Five Smart Driving Information Technology Co., Ltd. (Nine-Five Smart Driving), a subsidiary of Xingmin Intelligent Transportation Equipment Group Co., Ltd. The company acquired a controlling stake in Nine-Five Smart Driving in 2016. Following the subsidiary's failure to meet its performance targets, the company entered into equity transfer agreements with the original shareholders, Zhu Wenli and Chen Zhifang, to acquire their shares at no cost. The final equity transfer was completed on April 17, 2026, increasing Xingmin Intelligent Transportation's stake to 64.5900%.

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Stock Code: 002355 Stock Abbreviation: Xingmin Intelligent Transportation Announcement No.: 2026-011

Xingmin Intelligent Transportation (Group) Co., Ltd. Announcement on the Full Completion of Performance Commitments by a Subsidiary

The Company and all members of the Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

I. Basic Information

Xingmin Intelligent Transportation (Group) Co., Ltd. (hereinafter referred to as the "Company" or "Xingmin Intelligent Transportation") held the 20th meeting of the Third Board of Directors on September 22, 2016, and approved the "Proposal on the Acquisition of Part of the Equity of Beijing Nine-Five Smart Driving Information Technology Co., Ltd." On the same day, the Company signed the "Equity Acquisition Agreement for Beijing Nine-Five Smart Driving Information Technology Co., Ltd." (hereinafter referred to as the "Equity Acquisition Agreement") with the shareholders of Beijing Nine-Five Smart Driving Information Technology Co., Ltd. (hereinafter referred to as "Nine-Five Smart Driving"), including Zhu Wenli, Chen Wei, Gaode Software Co., Ltd., Shanghai Internet of Things Venture Capital Fund (Limited Partnership), and Shenzhen Qianhai Internet of Vehicles Industry Investment Fund (Limited Partnership). The Company also signed the "Agreement on Performance Commitments and Corporate Governance" with Zhu Wenli and Chen Zhifang. For detailed information, please refer to the "Announcement on the Acquisition of Part of the Equity of Beijing Nine-Five Smart Driving Information Technology Co., Ltd." (Announcement No.: 2016-076) published by the Company on September 24, 2016, in China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily, and on the Juchao Information Network (http://www.cninfo.com.cn).

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