TU-TESL

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On December 3, we learned from Changchun Fuwei Auto Parts Co., Ltd. (hereinafter referred to as "FAW Fuwei") that due to equity transfer, change of actual controller and other related matters, FAW Fuwei received a letter of inquiry from the Shanghai Stock Exchange on December 2, requesting to explain FAW Group's subsequent specific arrangement and intention on matters related to FAW Fuwei's control right. FAW fullway previously announced that FAW Group signed an equity transfer agreement with Jilin Yadong state owned Capital Investment Co., Ltd. (hereinafter referred to as "Yadong investment"), and FAW Group transferred 5% of FAW fullway's shares to Yadong investment. After the completion of the transaction, the shares held by Yadong investment in FAW fullway were changed to 16.55%, becoming the largest shareholder of FAW fullway and the actual control of FAW fullway The person also changed from no actual controller to Jilin SASAC. In response, the Shanghai Stock Exchange said in the inquiry letter that it is required that FAW Fuwei and relevant shareholders supplement and disclose the specific arrangement and intention of FAW Group in the subsequent matters related to the control right of FAW Fuwei; explain the rationality and sufficiency of determining the change of the actual controller of the company; and whether the relevant shareholders agree or arrange on the candidates of the board of directors of the company reaching the growth period. In addition, the Shanghai stock exchange requires FAW Fuwei and relevant shareholders to supplement the stability of their control rights, and specify the specific measures to maintain the stability of the company's control rights in the future. The Shanghai stock exchange requires FAW Fuwei to reply to the inquiry letter before December 6.