The Company intends to invest RMB 840 million to establish a wholly-owned subsidiary, Aeolus Tyre (Hainan) Co., Ltd. (hereinafter referred to as “Aeolus Hainan”, the final name shall be subject to the approval and registration of the relevant government authorities). After the establishment of Aeolus Hainan, it will introduce investors through capital increase and share expansion. As the potential

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"Aeolus Giant Engineering Radial Tire Capacity Expansion and Efficiency Improvement Project".

Aeolus Tyre has signed a long-term supply agreement with APM Terminals, a subsidiary of Maersk Group. This cooperation marks the first time Aeolus has established a structured partnership with a major Brazilian terminal operator, representing significant progress in the company’s strategic layout in the container terminal sector.

Aeolus has won the bid for the wheeled excavator tire supply project of Hyundai Heavy Industries of Korea