Åkers TISCO Roll Co., Ltd. (“ATR”), a 59.88% indirectly owned joint venture of UES, periodically has loans outstanding with its minority shareholder. No borrowings were outstanding as of September 30, 2025 or 2024. Loan activity for the nine months ended September 30, 2025 and 2024 was as follows:


	Nine Months Ended September 30,
	2025		2025		2024			2024
	USD		RMB		USD			RMB
Balance at beginning of the period	$	—		—	$	665			4,713
Borrowings		—		—		—			—
Repayments		—		—		(664	)		(4,713	)
Foreign exchange		—		—		(1	)		—
Balance at end of the period	$	—		—	$	—			—

Interest on borrowings accrues at the three-to-five-year loan interest rate set by the People’s Bank of China, which approximated 4.35% for the nine months ended September 30, 2024. For the nine months ended September 30, 2024, ATR paid $2 (RMB 17) of interest. No interest was outstanding as of September 30, 2025 or December 31, 2024.

ATR has sales to and purchases from ATR’s minority shareholder and its affiliates and sales to a shareholder of one of the Corporation’s other joint ventures in China and its affiliates. These sales and purchases, which were in the ordinary course of business, for the three and nine months ended September 30, 2025 and 2024 were as follows:


	Three Months Ended September 30,
	2025		2025		2024		2024
	USD		RMB		USD		RMB
Purchases from related parties	$	2,657		19,066	$	1,994		14,221
Sales to related parties	$	4,261		30,491	$	4,094		29,156


	Nine Months Ended September 30,
	2025		2025		2024		2024
	USD		RMB		USD		RMB
Purchases from related parties	$	6,669		48,136	$	5,132		36,809
Sales to related parties	$	13,471		97,231	$	12,267		87,980

Balances outstanding with ATR’s minority shareholder including its affiliates and the other joint venture’s shareholder and its affiliates as of September 30, 2025 and December 31, 2024 were as follows:


	September 30, 2025		September 30, 2025		December 31, 2024		December 31, 2024
	USD		RMB		USD		RMB
Accounts receivable from related parties	$	2,166		15,424	$	1,839		13,422
Accounts payable to related parties	$	502		3,574	$	411		3,001

The manufacturing facilities of ATR are located on land leased by ATR from the other partner. The land lease commenced in 2007, the date the joint venture was formed, and continues through 2054, the expected end date of the joint venture, and includes variable

lease payments based on the land standard price prevailing in Taiyuan, China, where the joint venture is located. Rent paid by ATR to the other partner approximated $31 (RMB 223) for each of the three months ended September 30, 2025 and 2024 and $94 (RMB 669) for each of the nine months ended September 30, 2025 and 2024, which is included in purchases from related parties.