Sanyang Industry Supplement Announcement on its Subsidiary Xiamen Xiangxing Motorcycle Co., Ltd.'s Announcement of Building, Factory, and Warehouse Construction through Land Lease and Build-to-Order Method

1. Contract type: Land lease and build-to-order 2. Date of occurrence of the event: 2025/6/4~2026/5/6 3. Date of board of directors' approval: March 8, 2024 4. Other approval dates: Not applicable 5. Counterparties and their relationship with the company: Counterparties: Hailian Tianfeng Construction Co., Ltd., Fujian Yuhe Construction Engineering Co., Ltd., Fujian Mindong Jian Gong Holdings Group Co., Ltd., and 17 other companies Relationship with the company: All are non-related parties 6. Main content of the contract (including total contract amount, estimated amount of participation, and contract start and end dates), restrictive clauses, and other important agreements: Xiamen Xiangxing Motorcycle Co., Ltd. has obtained board approval to construct buildings, factories, and warehouses through a land lease and build-to-order method, with an estimated total amount of RMB 1.106 billion. The following are the related contracts for this project: (1) Total contract amount: RMB 182,713,790.12 (cumulative total contract amount during the aforementioned period of occurrence) (2) Restrictive clauses and other important agreements: None 7. Name of professional valuation firm or company and their valuation results: Not applicable 8. Appraiser's name: Not applicable 9. Appraiser's license number: Not applicable 10. Specific purpose of acquisition: For operational use 11. Opinions of directors who expressed dissent on this transaction: No 12. Is this transaction a related party transaction: No 13. Date of approval by supervisors or audit committee: Not applicable 14. Is the appraisal report a limited price, specific price, or special price: No or not applicable 15. Has the appraisal report not yet been obtained: No or not applicable 16. Reason for not yet obtaining the appraisal report: Not applicable 17. If there is a significant difference in the appraisal results, the reasons for the difference and the CPA's opinion: Not applicable 18. Name of accounting firm: Not applicable 19. CPA's name: Not applicable 20. CPA's license number: Not applicable 21. Date of previous material information announcement on the same event: Not applicable 22. Other matters to be specified: None