Securities Code: 002434 Securities Abbreviation: Wanliyang Announcement No.: 2026-007 Zhejiang Wanliyang Co., Ltd. Announcement on the Company's 2026 Annual Forecast of Related Party Transactions The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions. I. Basic Situation of Daily Related Party Transactions (I) Overview of Daily Related Party Transactions Zhejiang Wanliyang Co., Ltd. (hereinafter referred to as the "Company") held the 13th meeting of the Sixth Board of Directors on April 20, 2026, and reviewed and approved the "Proposal on the Company's 2026 Annual Forecast of Daily Related Party Transactions." During the review of this proposal, related directors Mr. Huang Heqing, Ms. Wu Yuehua, Mr. Huang Zheyu, and Mr. Qi Shilong (employed by Chery Automobile) abstained from voting. The board resolution was 5 votes in favor, 0 votes against, and 0 abstentions. The proposal had already been agreed upon by all independent directors of the Company prior to its review. Chery Automobile Co., Ltd. (hereinafter referred to as "Chery Automobile") and its concerted parties hold 10.36% of the Company's shares and are related parties of the Company. The forecasted related party transactions for this period are daily related party transactions arising from the sale of goods by the Company and its subsidiaries to Chery Automobile and its related companies, and the purchase of goods from them. The total amount of these related party transactions is expected to not exceed RMB 3.8 billion in 2026. Wanhuitong Energy Technology Co., Ltd. (hereinafter referred to as "Wanhuitong Energy") is a holding subsidiary of the Company's controlling shareholder, Wanliyang Group Co., Ltd., and is a related party of the Company. The forecasted related party transactions for this period are daily related party transactions arising from the Company and its subsidiaries leasing rooftop space to Wanhuitong Energy and its related companies for solar power generation business, and purchasing electricity from Wanhuitong Energy and its related companies. The total amount of these related party transactions is expected to not exceed RMB 80 million in 2026. In accordance with the "Shenzhen Stock Exchange Stock Listing Rules" and the "Articles of Association," this proposal needs to be submitted to the Company's shareholders' meeting for review. Related shareholders with relationships to these related party transactions will abstain from voting at the shareholders' meeting.
(II) Category and Amount of Forecasted Daily Related Party Transactions The details of the daily related party transactions expected to occur between the Company and its subsidiaries and related parties in 2026 are as follows:
| Related Transaction Category | Related Party | Related Transaction Content | Pricing Principle | 2026 Annual Forecasted Total Transaction Amount | Amount Occurred Year-to-Date | Amount Occurred in Previous Year |
|---|---|---|---|---|---|---|
| Sales to Related Parties | Chery Automobile and its related companies | Automotive transmissions, related parts, and related supporting services | Market-based, subject to negotiated pricing | Not exceeding RMB 3.5 billion | 40,850.07 (RMB 10,000) | 227,827.42 (RMB 10,000) |
| Purchases from Related Parties | Chery Automobile and its related companies | Materials, energy, and services, development fees, etc. | Market-based, subject to negotiated pricing | Not exceeding RMB 300 million | 1,317.04 (RMB 10,000) | 21,467.08 (RMB 10,000) |
| Sales to Related Parties | Wanhuitong Energy and its related companies | Rooftop leasing | Market-based, subject to negotiated pricing | Not exceeding RMB 10 million | 204.56 (RMB 10,000) | 818.22 (RMB 10,000) |
| Purchases from Related Parties | Wanhuitong Energy and its related companies | Electricity | Market-based, subject to negotiated pricing | Not exceeding RMB 70 million | 572.56 (RMB 10,000) | 4,039.01 (RMB 10,000) |