Sungrow Power Supply's subsidiary, Sunnova Energy, plans to participate in the Taizhou Energy Fund to improve the turnover efficiency of household photovoltaic assets.

Sungrow Power Supply (300274.SZ) announced that its holding subsidiary, Yangguang New Energy Development Co., Ltd. (referred to as "Yangguang New Energy"), has signed a partnership agreement with Shanghai Jingping Electric Power Co., Ltd. (referred to as "Shanghai Jingping"), Jiangxi Rising Green Energy Technology Co., Ltd. (referred to as "Jiangxi Rising"), and Juxin Hongyuan (Jiangsu) Private Equity Fund Management Co., Ltd. (referred to as "Juxin Hongyuan") to jointly invest in the establishment of Taizhou Guangping Rising Jing New Energy Partnership Enterprise (Limited Partnership) (referred to as "Taizhou Energy Fund" or "Partnership Enterprise"). Taizhou Energy Fund has a total subscribed capital of 10.01 million yuan, with Yangguang New Energy as a limited partner subscribing 1.5 million yuan of its own funds, accounting for a 14.9850% stake. It is reported that Taizhou Energy Fund plans to primarily invest in household distributed photovoltaic projects through equity investment, acquire photovoltaic power generation equipment through operational leasing, and operate the business through third-party management. Yangguang New Energy's participation in this investment is beneficial for the company to improve the turnover efficiency of household photovoltaic assets, promote further cooperation with partners, and provide strong support for the sustainable and healthy development of the company's household photovoltaic business.