Lifan Technology: plan to increase the capital of Ruilan Technology together with Jirun Automobile.

[Lifan Technology: plans to increase the Capital of Ruilan Technology jointly with Jirun Automobile] Lifan Science and Technology announced that it plans to increase the capital of Chongqing Ruilan Automobile Technology Co., Ltd., with a total capital increase of 850 million yuan. After the capital increase is completed, the registered capital of Ruilan Technology will increase from 600 million yuan to 1.45 billion yuan, the company's shareholding ratio will increase from 50% to 55%, and Geerun Motor's shareholding ratio will decrease from 50% to 45%.