Haima Automobile boosts stake in new energy sales unit

Haima Automobile will inject 408,164 yuan of its own funds into Hainan Haima New Energy Automobile Sales Co., Ltd., a related party and joint venture, raising its stake from 50% to 51%. This move aims to streamline management, standardize corporate governance, and reduce connected transactions, bringing Hainan Haima New Energy Automobile Sales Co., Ltd. into Haima Automobile's consolidated financial statements. The transaction was approved by the board of directors on September 26, 2025, with connected directors abstaining, and by independent directors.

Prior to the capital increase, Hainan Haima New Energy Automobile Sales Co., Ltd. recorded total assets of 1.3662 million yuan and total liabilities of 18.99118 million yuan as of August 31, 2025, resulting in negative net assets of 18.85457 million yuan. Despite short-term book losses, the company expects the transaction to enhance operational efficiency, expand market reach, and align with its strategic goals. The total accumulated connected transactions with Hainan Haima New Energy Automobile Sales Co., Ltd. amounted to 3,812.73 yuan from January 1, 2025, to the disclosure date.