Rongcheng New Energy plans to go public overseas. The China Securities Regulatory Commission requires additional explanations on the compliance of the equity structure establishment.

On November 15, the China Securities Regulatory Commission publicized the "Supplementary Material Requirements for Overseas Issuance and Listing Filing (November 8, 2024 - November 14, 2024)". In it, the CSRC issued supplementary material requirements for Rongcheng New Energy, requesting Rongcheng New Energy to explain the compliance of the equity structure establishment, the payment terms and tax payment situation of the domestic main operating entity Rongcheng Topway New Energy Co., Ltd., and other related matters. The International Department of the CSRC requested Rongcheng New Energy to provide supplementary explanations on the following matters and requested lawyers to verify and provide clear legal opinions: 1. Regarding the compliance of the equity structure establishment: Please explain the payment terms and tax payment situation of Rongcheng Topway New Energy Co., Ltd., the main operating entity acquired through domestic merger and acquisition, and whether it complies with the relevant requirements of "Regulations on Foreign Investors' Acquisition of Domestic Enterprises". 2. Regarding the situation of major shareholders: Please provide basic information on the major shareholders holding more than 5% of the shares or voting rights of the issuer, in accordance with the requirements of the "Regulatory Rules Application Guidelines - Overseas Issuance and Listing Type 2: Supplementary Material Content and Format Guidelines".