Nuode Asset Management Co., Ltd., Horizon Asset Management Co. Ltd., Shanghai Yiyan Private Fund Management Co., Ltd., Caitong Fund Management Co., Ltd., Guotai Haitong Securities Co., Ltd. (SHSE:601211), Wanjia Asset Management Co., Ltd., Sealand Securities Co., Ltd. (SZSE:000750), J.P. Morgan Securities plc, Ningbo Meishan Bonded Port Lingding Investment Management Co., Ltd., GF Securities Co., Ltd. (SZSE:000776), Jiuxiu Zhonghe (Tianjin) Investment Management Co., Ltd, Finsights Fund Management Co., Ltd., Beijing Nuanyixin Private Fund Management Co., Ltd., Shanghai Jinde Private Fund Management Co., Ltd., Xiamen Baopushi Private Equity Fund Management Co., Ltd., Shanghai Muxin Private Fund Management Co., Ltd. and UBS Group AG (SWX:UBSG) agreed to acquire 4.99% stake in Wuxi Autowell Technology Co.,Ltd. (SHSE:688516) from Ge Zhiyong, Li Wen, Wuxi Aochuang Investment Partnership Enterprise (Limited Partnership) and Wuxi Aoli Investment Partnership Enterprise (Limited Partnership) for approximately CNY 450 million on July 10, 2025. A cash consideration valued at CNY 28.35 per share will be paid by buyers.

Following the transaction, Ge Zhiyong will own a 24.65% stake, Li Wen will own a 15.7% stake, Wuxi Aochuang Investment will own a 3.79% stake and Wuxi Aoli Investment will own a 1.87% stake in Wuxi Autowell Technology.