On December 5, 2024, Zhuojun Investment Holding Group and ISRINGHAUSEN Investment Co., Ltd. (a subsidiary of AUNDE Group) reached a cooperation agreement and formally signed the Joint Venture Contract. Both parties will commit to in-depth cooperation in cockpit and seat component products, as well as the expansion of future green and sustainable development businesses. Meanwhile, this signing also kicks off the in-depth cooperation between the two parties in various fields of the global market in the future.

About Zhuojun Investment Holding Group

Zhuojun Investment Holding Group Co., Ltd. was established in 2018. As a leading enterprise in China's auto parts industry, its core products cover luxury automotive seat systems, cockpit interior systems, cockpit electronics, and after-market businesses. It has production bases mainly located in Changchun, Changzhou, Hefei, Chengdu, Yuncheng, Tianjin, Foshan and other places, and R&D centers in Shanghai, Changchun, Hefei, Changzhou and other regions. It also has overseas business divisions in the Asia-Pacific region and Germany. Adhering to the mission of "providing customers with a safer, more comfortable, smarter, and more environmentally friendly automotive world", Zhuojun Holding provides more options for cockpit system solutions to the automotive industry, and strives to become a leading domestic and world-class green auto parts group.

About ISRINGHAUSEN Investment Co., Ltd.

Founded in Mönchengladbach, Germany in 1899, AUNDE Group is a top 100 global auto parts enterprise. It has a presence in 28 countries and regions worldwide, with 116 factories and nearly 25,000 employees. The group owns four brands: AUNDE, ISRINGHAUSEN, Fehrer, and Reinert, which have an extensive layout across various modules of the automotive seat industry chain.

The AUNDE brand focuses on the R&D and manufacturing of green and sustainable development products, with customers including Mercedes-Benz, Audi, BMW, Volkswagen, Toyota, Tesla, etc.

As an industry leader in commercial vehicle seat systems, ISRINGHAUSEN mainly provides commercial vehicle complete seats and various technical springs to domestic and foreign customers such as Mercedes-Benz, MAN, Jiefang, and Dongfeng.

Fehrer ranks among the world's top in foam technology and cockpit system product modules, serving customers including Bentley, Audi, BMW, Mercedes-Benz, Ford, Tesla, etc.

Reinert provides various lightweight injection-molded components required for high-end sports car seats.

AUNDE Group has 7 factories in Changchun, Shenyang, Xi'an, Yancheng, Changzhou, Zhuji and other places, as well as an office in Shanghai, providing localized services to Chinese customers.

This cooperation between the two parties will give full play to their respective advantageous resources and jointly explore new business areas and market opportunities in China and globally. In the fiercely competitive market environment, the two powerful parties will join forces, fully leverage their respective strengths, complement each other's resources, and build a more long-term future in China and around the world.