China Automobile Parts Holdings Limited entered into a memorandum of understanding to acquire Master Tec Wire & Cable Sdn Bhd from Dato' Lau Kim San on December 17, 2021. The consideration will be paid in the form of issuance shares of China Automobile Parts Holdings. The transaction is subject to entering into a definitive share sale agreement and legal and financial due diligence on the Master Tec Wire & Cable. The execution of the MOU does not require the approval of the shareholders of China Automobile Parts Holdings or any relevant authorities. The MOU is not expected to have any material effects on the issued share capital and substantial
shareholders' shareholdings of the CAP, net assets per share, gearing, earnings and earnings per share of CAP.

China Automobile Parts Holdings Limited cancelled the acquisition of Master Tec Wire & Cable Sdn Bhd from Dato' Lau Kim San on January 27, 2022