Zhejiang Taotao Automotive Co., Ltd. guarantees that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Review Procedures
(1) Board of Directors Review
On March 30, 2026, the company held the 13th meeting of the 4th Board of Directors, which approved the proposal on the "Profit Distribution Plan for 2025." The profit distribution plan for 2025 considers the company's profitability, financial status, and future development expectations, sharing operational results with all shareholders, and is beneficial for the company's normal operations and sustainable healthy development. The board agreed to this profit distribution plan and decided to submit it to the company's 2025 annual shareholders' meeting for review.
(2) Audit Committee Review
On March 30, 2026, the company held the 9th meeting of the Audit Committee of the 4th Board of Directors, which approved the proposal on the "Profit Distribution Plan for 2025." The Audit Committee believes that the proposed profit distribution plan for 2025 aligns with the company's operating performance and future development plans, complies with relevant laws, regulations, and the company's articles of association regarding profit distribution, protects the rights of all shareholders, and is conducive to the company's long-term development.