Wanfeng Auto Wheel forecasts significant connected transactions for 2026

Zhejiang Wanfeng Auto Wheel Co. anticipates routine connected transactions totaling up to CNY 290.83 billion for 2026. These transactions involve various purchases, including machinery, equipment, raw materials like aluminum ingots, aircraft components, and services such as equipment maintenance, property rentals, and aviation services, from affiliated companies including Wanfeng Jinyuan Holdings, Zhejiang Wanfeng Technology Development, Zhejiang Rifa Precision Machinery, and Wanfeng Aotec Holdings. The company also expects to sell aircraft, aerospace materials, and other goods to Wanfeng Aotec Holdings and Qingdao Wanfeng Aviation Technology.

As of December 22, 2025, the actual value of similar transactions for the current year reached CNY 21.09 billion. The projected 2026 figures are based on market conditions, business development, and operational requirements. The company's independent directors have approved the forecast, confirming that these transactions are for normal business operations, are priced fairly, and will not negatively impact the company's financial status or independence.

The transactions are aimed at leveraging affiliate resources to ensure the smooth execution of the 2026 operating plan, enhance production efficiency, and strengthen the company's competitiveness, particularly in green aluminum procurement for its auto wheel products. The proposal will be submitted to the shareholders' meeting for approval, with related parties abstaining from voting.