Evergrande New Energy Automobile Research Institute (Shanghai) Co., Ltd.

Zhejiang Sanhua Automotive Parts Co., Ltd., a wholly-owned subsidiary of Zhejiang Sanhua Intelligent Control Co., Ltd., was identified as the exclusive supplier of thermal management valves and pumps for Evergrande new energy vehicle series models, with expected cumulative sales of about 2.5 billion yuan over an eight-year life cycle.