Zhejiang Taotao Vehicle Co., Ltd. (hereinafter referred to as "the Company") guarantees that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions. The Company convened the 13th meeting of the 4th Board of Directors on March 30, 2026, to review and approve the proposal on the expected daily related transactions for 2026. Related directors Mr. Cao Matao and Mr. Cao Yuejin abstained from voting. The proposal has been reviewed and approved by the independent directors in a special meeting, and the sponsor, Zhejiang Merchants Securities Co., Ltd., issued a non-objection special verification opinion. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" and the "Articles of Association of Zhejiang Taotao Vehicle Co., Ltd." (hereinafter referred to as "the Articles of Association"), this related transaction does not constitute a major asset reorganization as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies" and does not require submission to the shareholders' meeting for approval. The specific situation is announced as follows:
I. Basic Information on Daily Related Transactions
According to business development and daily operational needs, the Company plans to conduct daily related transactions with the related party Plano Estates, LLC, totaling no more than $5.0386 million for leasing in 2026. The estimated total amount of daily related transactions with related parties for 2025 is no more than $2.935 million, with the actual total amount of daily related transactions being $3.0824 million.