国浩律师（杭州）事务所 关于 浙江涛涛车业股份有限公司 2025 年第一次临时股东大会 法律意见书 国浩律师（杭州）事务所 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号、28 号楼国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二五年九月 国浩律师（杭州）事务所 法律意见书 关 于 浙江涛涛车业股份有限公司 2025 年第一次临时股东大会 法律意见书 致：浙江涛涛车业股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受浙江涛涛车业股份有限 公司（以下简称"公司"）的委托，指派律师出席公司 2025 年第一次临时股东 大会（以下简称"本次 ...

2025 年第一次临时股东大会决议公告 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。 特别提示： 1、本次股东大会召开期间无变更、否决提案的情况； 2、本次股东大会未涉及变更前次股东大会决议的情况； 3、本次股东大会采取现场投票、网络投票相结合的方式召开。 证券代码：301345 证券简称：涛涛车业 公告编号：2025-045 浙江涛涛车业股份有限公司 一、会议召开情况 浙江涛涛车业股份有限公司（以下简称"公司"）第四届董事会第八次会议 决定于 2025 年 9 月 10 日召开 2025 年第一次临时股东大会，详情见公司披露在 巨潮资讯网（www.cninfo.com）上的《关于召开 2025 年第一次临时股东大会的 公告》。 本次股东大会具体情况如下： 1、会议召开时间： （1）现场会议召开时间：2025 年 9 月 10 日（星期三）14:30。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 9 月 10 日的交易时间，即 9:15—9:25、9:30—11:30 和 13:00—15:00； 通过深圳证券交易所交易 ...

Core Viewpoint - The company focuses on the development and production of smart electric low-speed vehicles and special vehicles, including electric golf carts, electric bicycles, all-terrain vehicles, and off-road motorcycles, catering to various age groups and multiple usage scenarios [1] Group 1: Product Focus - The company is engaged in the research and production of electric golf carts, electric bicycles, all-terrain vehicles, and off-road motorcycles [1] - These products are primarily used for leisure activities, smart transportation, and special operations [1] Group 2: Market Strategy - Current sales are concentrated in developed markets in Europe and North America, as well as in South America and Southeast Asia [1] - The company plans to explore domestic markets based on actual conditions in the future [1]

Core Insights - The company, TaoTao Automotive, reported that as of August 29, 2025, the number of shareholders is 7,960 [1] Company Summary - TaoTao Automotive is actively engaging with investors through interactive platforms [1] - The company is tracking its shareholder base, indicating a focus on investor relations and transparency [1]

Core Viewpoint - The company, TaoTao Automotive (301345), has confirmed that it currently has no collaboration with UBTECH Robotics as of September 9 [1] Company Summary - TaoTao Automotive responded to investor inquiries on an interactive platform regarding its partnership status with UBTECH Robotics [1]

Group 1 - The core viewpoint of the news is that Taotao Automotive has seen a significant increase in its stock price, rising by 5.11% to 203.91 CNY per share, with a trading volume of 366 million CNY and a turnover rate of 6.40%, resulting in a total market capitalization of 22.236 billion CNY [1] - Taotao Automotive, established on September 24, 2015, and listed on March 21, 2023, focuses on the research, production, and sales of electric vehicles and their accessories, primarily in the outdoor leisure and short-distance transportation sectors [1] - The company's main revenue composition includes 67.23% from smart electric low-speed vehicles, 28.59% from special vehicles, and 4.17% from other sources [1] Group 2 - From the perspective of major fund holdings, Minsheng Jia Yin Fund has a significant position in Taotao Automotive, with its Minsheng Jia Yin Domestic Demand Growth Mixed Fund (690005) holding 80,000 shares, accounting for 3.79% of the fund's net value, ranking as the tenth largest holding [2] - The Minsheng Jia Yin Domestic Demand Growth Mixed Fund has achieved a year-to-date return of 26.05%, ranking 2850 out of 8179 in its category, and a one-year return of 39.51%, ranking 3762 out of 7984 [2] - The fund manager, Yin Tao, has been in charge for 3 years and 4 days, with the fund's total asset size at 1.124 billion CNY, achieving a best return of 59.36% and a worst return of 4.43% during his tenure [3]

Group 1 - The company, TaoTao Automotive (301345.SZ), has stated that there is currently no collaboration with UBTECH [1]

Company Overview - TaoTao Automotive, established on September 24, 2015, is located in Jinyun County, Lishui City, Zhejiang Province, and was listed on March 21, 2023 [1] - The company focuses on the research, production, and sales of electric vehicles and their accessories, primarily in the outdoor leisure and short-distance transportation sectors [1] - Revenue composition includes 67.23% from smart electric low-speed vehicles, 28.59% from special vehicles, and 4.17% from other sources [1] Stock Performance - As of September 9, the stock price increased by 2.02% to 197.92 CNY per share, with a total market capitalization of 21.583 billion CNY [1] - Year-to-date, the stock has risen by 208.74%, with a 6.86% increase over the last five trading days, 15.34% over the last 20 days, and 101.34% over the last 60 days [1] Financial Performance - For the first half of 2025, the company reported revenue of 1.713 billion CNY, a year-on-year increase of 23.19%, and a net profit attributable to shareholders of 342 million CNY, up 88.04% [2] Shareholder Information - As of August 29, the number of shareholders decreased by 4.51% to 7,960, while the average circulating shares per person increased by 4.72% to 3,604 shares [2] - The company has distributed a total of 545 million CNY in dividends since its A-share listing [3] Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders include new entrant Rongtong China Wind No. 1 Flexible Allocation Mixed A/B, holding 463,800 shares [3] - Hong Kong Central Clearing Limited, ranked ninth among circulating shareholders, reduced its holdings by 292,800 shares to 416,300 shares [3]

Core Viewpoint - The company reported strong revenue and profit growth in the first half of 2025, driven primarily by the performance of electric golf carts and strategic partnerships, indicating a positive outlook for future growth [1][4]. Financial Performance - In H1 2025, the company achieved revenue of 1.71 billion yuan, a year-on-year increase of 23.2%, with Q2 revenue reaching 1.07 billion yuan, also up 23.3% year-on-year [1][2]. - The net profit attributable to shareholders for H1 2025 was 340 million yuan, reflecting an impressive year-on-year growth of 88.0%, with Q2 net profit at 260 million yuan, up 95.3% year-on-year [1][3]. Business Segments - The revenue from smart electric low-speed vehicles in H1 2025 was 1.152 billion yuan, a year-on-year increase of 30.65%, with significant growth in the electric golf cart segment, which expanded into over 230 high-end professional channels in North America [2]. - The special vehicle segment generated revenue of 490 million yuan, a year-on-year increase of 8.2%, with stable sales performance and an expanding dealer network [2]. Profitability and Cost Management - The company’s profitability improved significantly, with a gross margin in Q2 2025 increasing by 6.6 percentage points to 41.6%, and the net profit margin rising by 8.8 percentage points to 23.8% [3]. - The sales, management, R&D, and financial expense ratios for Q2 2025 were 7.0%, 4.0%, 2.4%, and -1.2% respectively, indicating overall operational efficiency improvements [3]. Strategic Initiatives - The company is expanding its dealer network for electric golf carts in the U.S. and has entered a strategic partnership with Yushu Technology to explore new growth avenues in overseas markets [4]. - The collaboration with Yushu Technology aims to enhance the company’s capabilities in the North American market and support the commercialization of new products [4]. Investment Outlook - The company’s electric golf cart segment is entering a growth phase, contributing positively to financial results, and the strategic partnership is expected to open new growth opportunities [4]. - The earnings per share (EPS) forecasts for 2025 and 2026 have been adjusted to 6.56 yuan and 8.72 yuan respectively, with a new forecast for 2027 set at 11.11 yuan, indicating a favorable valuation outlook [4].

Market Performance - The motorcycle and other sectors increased by 2.61% on September 5, with Huafang Racing leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Stock Performance - Huafang Racing (834058) saw a significant rise of 29.98%, closing at 48.52 with a trading volume of 68,000 shares and a turnover of 327 million yuan [1] - Taotao Vehicle (301345) increased by 8.22%, closing at 199.50 with a trading volume of 26,200 shares and a turnover of 514 million yuan [1] - Other notable performers include Jiang Kui General (603766) up 5.05%, Yong'an Xing (603776) up 4.38%, and Lvtong Technology (301322) up 3.59% [1] Capital Flow - The motorcycle and other sectors experienced a net inflow of 124 million yuan from main funds, while retail funds saw a net outflow of 106 million yuan [1] - Specific stocks like Aima Technology (603529) had a main fund net inflow of 56.95 million yuan, while retail funds showed a net outflow of 27.17 million yuan [2] - Jiang Xin General (603766) also had a main fund net inflow of 27.81 million yuan, with retail funds experiencing a net outflow of 17.87 million yuan [2]