On the evening of November 21, 2025, Kaizhong Co., Ltd. (603037.SH) issued an announcement stating its intention to acquire a controlling stake in Anhui Tuosheng Auto Parts Co., Ltd. The acquisition will be executed through a combination of share issuance and cash payment. Additionally, the company plans to issue shares to up to 35 specific investors to raise supplementary funds. These proceeds will be exclusively allocated to cover the costs associated with this transaction, with no intention of using them to bolster working capital.

Based on preliminary assessments, this transaction is likely to qualify as a significant asset restructuring. However, it will not result in any alteration to the company's actual controller. Moreover, it does not meet the criteria for a restructuring listing. Consequently, trading in the company's stocks and convertible bonds (Kaizhong Convertible Bonds, 113698) will be temporarily suspended starting from the market opening on November 24, 2025 (Monday). The anticipated duration of this trading halt will not exceed five trading days.