Progress of Key Projects — Aeolus Giant Engineering Radial Tire Capacity Expansion and Efficiency Improvement Project


In February 2026, Aeolus successfully completed the private placement of A-shares to specific investors, raising RMB 1.1 billion in funds. This marks the company's first market-oriented financing since its listing, signifying a major breakthrough in Aeolus's capital market operations. It is reported that all the raised funds will be fully invested in the "Aeolus Giant Engineering Radial Tire Capacity Expansion and Efficiency Improvement Project". With a total investment of RMB 1.464 billion, this project represents the largest investment in the high-end engineering tire sector by Aeolus in recent years. Upon completion, it will significantly boost the company's production capacity and market competitiveness in giant engineering radial tires, further consolidating its leading position in the global off-the-road (OTR) tire market.


Substantial progress has been made in the project construction. The project officially broke ground and entered the production phase in May 2025. In September of the same year, it achieved a key milestone with the successful rollout of the first 45/65R45 giant loader tire. The launch of this product fully demonstrates Aeolus's core technological strengths in the R&D, design, process control and intelligent manufacturing of giant engineering radial tires, marking a new leap forward for the company in the field of high-load capacity tires for extreme working conditions.


Aeolus stated that this successful financing has not only optimized the company's capital structure and strengthened its financial strength, but also provided solid support for the follow-up construction of the giant engineering radial tire project. Going forward, the company will continue to focus on the high-end engineering tire sector.