DEEWIN (02418) announced that on December 30, 2025, its board of directors approved a proposal to establish a wholly-owned subsidiary in each of Hong Kong, China, and Indonesia. The Hong Kong subsidiary will be 100% owned by the company with a registered capital of RMB 100 million (or the equivalent in foreign currency). The company plans to make capital contributions in phases, with specific investments to be executed based on business development progress, risk control considerations, and relevant laws, regulations, and management rules. Leveraging a foundation in smart connectivity (Internet of Vehicles) technology, the Hong Kong subsidiary will comprehensively empower the international expansion of "vehicle leasing, trading, and related supporting services." Furthermore, the subsidiary is intended to serve as a core hub for the group's international business layout, overseeing the overall strategy and centralized management of its global operations. The planned Indonesian subsidiary is to be 51% owned by DEEWIN and 49% by the Hong Kong subsidiary, with a registered capital of RMB 5 million (or the equivalent in foreign currency). It will be responsible for conducting specific business operations in Indonesia, focusing on deepening its presence in the local commercial vehicle market. The establishment of these overseas subsidiaries aligns with the company's international development strategy. It is conducive to advancing the implementation of the company's plan to enter the international commercial vehicle market. This move is significant for building a mutually supportive, win-win structure integrating "sales + finance," increasing the company's overseas business investment footprint, driving integrated transformation and upgrading, forming an international competitive advantage, and expanding its overseas operations.