Hanma Technology: Secretary to the Board Responds to Investors' Questions Regarding Performance, Brand, and Related-Party Transactions

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Investor Question:

Remote production and sales are doing well, but the company’s performance hasn’t increased significantly. What’s going on? I don’t see Remote Group improving the company; how does the group leverage the listed company’s role? Please explain the company’s related-party transactions with the group. The company produces heavy trucks, light trucks, and micro trucks—why does the group develop light trucks and micro trucks under the Remote brand? The Hanma brand is gradually weakening, yet the listed company isn’t allowed to develop comprehensively. Please explain the development plan for the Hanma brand and its positioning within the group. Regarding Remote Group’s capacity, technology, and operations, which parts utilize the listed resources? Have fair valuation transactions been conducted?

Secretary’s Response (Hanma Technology SH600375):

Dear investor, relying on the support from the major shareholder in product development, technology, sales, and business ecosystem, the company will continue to increase efforts in R&D, production, and sales of new energy heavy trucks. Leveraging industry chain advantages, optimizing the existing business structure, actively seizing industry transformation opportunities, and enhancing business synergy, the company aims to upgrade its current operations, respond proactively to market conditions, strengthen brand promotion, and increase market share of new energy heavy trucks. All daily related-party transactions with the controlling shareholder and its affiliates are conducted according to market principles and fairness, ensuring the company’s main business does not depend on such transactions, and preventing the controlling shareholder and affiliates from infringing on the interests of the listed company and non-affiliated shareholders. Our designated information disclosure media are China Securities Journal, Shanghai Securities News, and the Shanghai Stock Exchange website. Thank you for your attention to the company.

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Disclaimer: This information is excerpted from public sources by Sina Finance and does not constitute any investment advice; Sina Finance does not guarantee the accuracy of the data, and the content is for reference only.

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