AUTO ITALIA Holdings Limited (00720) announced that it has been informed by its major shareholder, Dingpei Investment Group Limited (Dingpei Investment), which is wholly-owned by the Executive Chairman, CEO, and Executive Director Mr. Zhuang Tianlong, that on January 22, 2026, Dingpei Investment, together with its wholly-owned subsidiaries Maini Investments Limited and Gustavo International Limited, entered into a conditional sale and purchase agreement with B-ON Global S.àr.l. (the Buyer, collectively referred to as the Buyer Group). Pursuant to this agreement, the Buyer is to acquire interests in 1.3 billion shares of the company, representing approximately 21.34% of the company's issued share capital as of the date of this announcement. The acquisition will be effected by purchasing from Dingpei Investment: 995 million shares; and the entire issued share capital of Maini, which indirectly holds 305 million shares through its direct wholly-owned subsidiary, Gustavo. Subject to the fulfillment and/or waiver of certain conditions precedent in the agreement, the transaction is expected to be completed on or before the 30th calendar day following the date of the agreement. The Buyer Group is a European provider of comprehensive operational management solutions for new energy commercial vehicles, offering full-scope technological services for global smart city mobility and logistics transportation. Upon completion of the transaction, and assuming no change in the total number of issued shares from the date of this announcement until completion, Mr. Zhuang, together with Dingpei Investment, will continue to hold a total of 270,907,472 shares, representing approximately 4.45% of the company's issued share capital, and will consequently cease to be a major shareholder as defined by the Listing Rules. Concurrently, the Buyer will directly and indirectly, through Maini and Gustavo, hold interests in 1.3 billion shares, representing approximately 21.34% of the issued share capital, and will become a major shareholder of the company.