Core Viewpoint - The company, Altec, has signed a joint venture agreement with Wuhu Hua'an Zhanxin Equity Investment Fund to establish a new company focused on electric vehicle powertrains in Wuhu, Anhui Province, enhancing its competitiveness in the automotive core power system sector [1] Group 1: Joint Venture Details - The joint venture, named Altec New Energy Powertrain (Fanchang) Co., Ltd., will have a registered capital of 672 million yuan [1] - Altec will contribute 425 million yuan through the 100% equity of its wholly-owned subsidiary, Sichuan Altec New Energy Vehicle Co., Ltd., and 177 million yuan through technology related to integrated pure electric vehicle powertrain R&D, totaling 602 million yuan, which represents 89.5757% of the registered capital [1] Group 2: Strategic Implications - This investment will help the company deepen its business in the core power system of vehicles and enhance its comprehensive competitiveness in the core components market [1] - The joint venture will focus on the development and mass production of electromagnetic clutches as its core product while exploring a more diversified product line to improve its business layout [1]

Group 1 - The company, Alite, announced the convening of its 22nd meeting of the fifth board of directors on October 31, 2025, to discuss the proposal for establishing a joint venture [1] - The meeting will review documents related to external investment and the establishment of the joint venture [1]

Core Viewpoint - The company Altec (300825.SZ) has signed a joint venture agreement with Wuhu Huazhan New Energy, investing a total of 671.51 million yuan to establish a new company focused on new energy powertrains, enhancing its competitive edge in the automotive core power system sector [1]. Group 1 - Altec will contribute 601.51 million yuan through its wholly-owned subsidiary, Sichuan Altec New Energy Co., Ltd., representing 89.5757% of the registered capital [1]. - Wuhu Huazhan New Energy will invest 70 million yuan in cash, accounting for 10.4243% of the registered capital [1]. - This investment aims to deepen the company's business in automotive core power systems and support its "technology + supply chain" strategy for international expansion [1].

Core Viewpoint - The company, Altec, has signed a joint venture agreement with Wuhu Huazhan New Energy to establish a new company focused on new energy powertrains, enhancing its competitive edge in the automotive core power system sector [1] Investment Details - Altec will contribute 601.51 million yuan through its wholly-owned subsidiary, Sichuan Altec New Energy Co., Ltd., representing 89.5757% of the registered capital [1] - Wuhu Huazhan New Energy will invest 70 million yuan in cash, accounting for 10.4243% of the registered capital [1] Strategic Implications - This investment is aimed at deepening the company's business in automotive core power systems, thereby strengthening its overall competitiveness [1] - The joint venture supports the company's strategy of "technology + supply chain" for international expansion [1]

Core Viewpoint - The company has signed a joint venture agreement with Wuhu Huaan Zhanxin Equity Investment Fund Partnership to establish a new company focused on electric vehicle powertrains in Wuhu, Anhui Province [1] Group 1: Joint Venture Details - The joint venture company, Alter New Energy Powertrain (Fanchang) Co., Ltd., has a registered capital of RMB 672 million [1] - Alter contributes 89.5757% of the registered capital, amounting to RMB 602 million, through the 100% equity of its wholly-owned subsidiary Sichuan Alter New Energy Vehicle Co., Ltd. valued at RMB 425 million and related technology valued at RMB 177 million [1] - Wuhu Huaan Zhanxin contributes 10.4243% of the registered capital, amounting to RMB 70 million in cash [1]

二、交易对手方介绍 （一）基本情况 证券代码：300825 证券简称：阿尔特 公告编号：2025-070 阿尔特汽车技术股份有限公司 关于对外投资设立合资公司的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、对外投资概述 根据战略规划和经营发展需要，阿尔特汽车技术股份有限公司（以下简称阿 尔特或公司、乙方）于 2025 年 10 月 31 日与芜湖华安战新股权投资基金合伙企 业（有限合伙）（以下简称芜湖华安战新、甲方）签订了《合资协议书》，双方 约定共同出资在安徽省芜湖市繁昌区成立合资公司阿尔特新能源动力总成（繁昌） 有限公司（暂定名，最终以相关市场监督管理部门核准的名称为准，以下简称繁 昌阿尔特或合资公司、目标公司）并开展运营。繁昌阿尔特注册资本为人民币 67,151.00万元，其中，阿尔特以全资子公司四川阿尔特新能源汽车有限公司100% 股权作价人民币 42,500.00 万元、以集成式纯电动汽车动力总成研发项目相关技 术作价人民币 17,651.00 万元，合计认缴繁昌阿尔特注册资本人民币 60,151.00 万元，占注册资本总额的 89.57 ...

本报告依据中国资产评估准则编制 阿尔特汽车技术股份有限公司拟以持有的 长期股权投资对外出资涉及的四川阿尔特新 能源汽车有限公司股东全部权益价值 资产评估报告 国融兴华评报字〔2025〕第 010645 号 (共一册，第一册) 北京国融兴华资产评估有限责任公司 2025 年 10 月 30 日 地址：北京市东城区安定门外大街 189 号宝景大厦 7 层 电话：010-51667811 传真：010-82253743 企业邮箱：grxh@grcpv.com | | | 阿尔特汽车技术股份有限公司拟以持有的长期股权投资对外出资 涉及的四川阿尔特新能源汽车有限公司股东全部权益价值·资产评估报告 声明 一、本资产评估报告依据财政部发布的资产评估基本准则和中国资产评估协 会发布的资产评估执业准则和职业道德准则编制。 二、委托人或者其他资产评估报告使用人应当按照法律、行政法规规定和本 资产评估报告载明的使用范围使用资产评估报告；委托人或者其他资产评估报告 使用人违反前述规定使用资产评估报告的，本资产评估机构及其资产评估师不承 担责任。 本资产评估报告仅供委托人、资产评估委托合同中约定的其他资产评估报告 使用人和法律、行政法 ...

经与会董事认真审议，充分讨论，审慎表决，会议审议并通过了如下议案： （一）审议通过《关于对外投资设立合资公司的议案》 经审议，董事会认为：为满足公司战略发展需要，完善产业布局，同意公司 与芜湖华安战新股权投资基金合伙企业（有限合伙）（以下简称芜湖华安战新） 共同出资在芜湖市繁昌区成立合资公司"阿尔特新能源动力总成（繁昌）有限公 司"（暂定名，最终以相关市场监督管理部门核准的名称为准，以下简称合资公 司），以开展新能源动力总成相关业务。 证券代码：300825 证券简称：阿尔特 公告编号：2025-069 阿尔特汽车技术股份有限公司 第五届董事会第二十二次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 阿尔特汽车技术股份有限公司（以下简称公司）第五届董事会第二十二次会 议通知于 2025 年 10 月 28 日以电子邮件的方式发出，会议于 2025 年 10 月 31 日以现场结合通讯表决的方式在公司会议室召开。本次会议应出席董事 7 人，实 际出席董事 7 人（其中，陈士华先生、王敏女士、姚丹骞先生以通讯表决方式出 席会议 ...

阿尔特汽车技术股份有限公司拟出资涉及的 集成式纯电动汽车动力总成研发项目相关技术 市场价值评估项目 资产评估报告 川维诚评报字（ 2025） 第 134 号 2025 年 8 月 28 日 办 公 地 址 ： 成 都 市 锦 江 区 东 大 街 216 号 喜 年 广 场 A 座 42F 邮编：610021 电话：（028）65555550 传真：（028）61322858 阿尔特汽车技术股份有限公司拟出资涉及的集成式纯电动汽车动力总成研发项目相关技术市场价值评估项目 ---资产评估报告 资产评估报告·声明 i | | | 一、本资产评估报告依据财政部发布的资产评估基本准则和中国资产评估协 会发布的资产评估执业准则和职业道德准则编制。 二、委托人或者其他资产评估报告使用人应当按照法律、行政法规规定及本 资产评估报告载明的使用范围使用资产评估报告；委托人或者其他资产评估报告 使用人违反前述规定使用资产评估报告的，资产评估机构及其资产评估专业人员 不承担责任。 三、资产评估报告仅供委托人和法律、行政法规规定的资产评估报告使用人 使用；除此之外，其他任何机构和个人不能成为资产评估报告的使用人。 四、本资产评估机构及 ...

Market Overview - The automotive service sector increased by 1.02% on November 3, with Altec leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Stock Performance - Altec (300825) closed at 11.72, with a rise of 2.45% and a trading volume of 227,000 shares, amounting to a transaction value of 266 million yuan [1] - Other notable performers included: - Sunbo Holdings (600653) at 2.10, up 2.44% [1] - Beiba Media (600386) at 4.95, up 2.06% [1] - China Automotive Research (601965) at 17.44, down 0.40% [2] Capital Flow Analysis - The automotive service sector experienced a net outflow of 8.8372 million yuan from institutional investors and 6.992 million yuan from speculative funds, while retail investors saw a net inflow of 15.826 million yuan [2] - Altec had a net inflow of 7.6732 million yuan from institutional investors, but a net outflow of 9.5789 million yuan from retail investors [3] - China Automotive Research faced a significant net outflow of 4.0169 million yuan from institutional investors, while retail investors contributed a net inflow of 5.3581 million yuan [3]