Dazhong Transportation Group Co Ltd B

Dazhong Public Utilities announced the termination of its investment in Wuxi Lvyao Venture Capital Partnership, a limited partnership, because the fund was unable to achieve the agreed investment objectives, triggering dissolution clauses. The company had originally planned to subscribe 150 million yuan as a limited partner, co-establishing Wuxi Lvyao with Dazhong Transportation and Beijing Lvdong. The proposal was approved on July 29, 2026. As of now, Wuxi Lvyao has completed business registration but has not yet completed the fund filing process and has not made any actual investments. In the first quarter of 2026, Dazhong Public Utilities achieved revenue of 2.108 billion yuan and net profit attributable to the parent company of 50.83 million yuan.

Dazhong Transportation announced that it has signed a partnership agreement with Dazhong Public Utilities and Beijing Lvdong to jointly establish Wuxi Lvyao Venture Capital Partnership. The total committed capital of Wuxi Lvyao is 201 million yuan, of which the company, as a limited partner, will contribute 50 million yuan, representing a 24.88 percent stake. This transaction constitutes a related-party transaction because Dazhong Public Utilities is the controlling shareholder of the company.