Fuao shares announced that in order to optimize the efficiency of asset allocation and realize the market-oriented value transformation of investment income, Fuao shares holding subsidiary Fusai Automotive Electronics Co., Ltd. intends to sell all the shares held by Black Sesame Intelligent International Holdings Co., Ltd., totaling 1.6485 million shares, accounting for 0.26% of its total share capital. The board of directors agreed to authorize the company's management committee to review and approve the sale plan of Black Sesame Intelligent shares held by Fusai based on the stock market conditions. The authorization period is within 24 months from the date of approval by the board of directors. The transaction methods include selling through the centralized bidding trading system of the stock exchange, block trading, etc., and the transaction price will be determined according to the stock price trend in the secondary market. This transaction does not constitute a related transaction, nor does it constitute a major asset reorganization.