Zhengtai Energy's application for an IPO on the main board of the Shanghai Stock Exchange has been "terminated (withdrawn)."

On September 1st, Zhejiang Zhengtai Anne Energy (referred to as Zhengtai Anne) had its IPO review status on the Shanghai Stock Exchange Main Board changed to "terminated (withdrawn)". Due to Zhengtai Anne Energy and the sponsor withdrawing the application for listing, according to the relevant regulations of the Shanghai Stock Exchange Stock Issuance and Listing Review Rules Article 63, the Shanghai Stock Exchange has decided to terminate its IPO review. The prospectus shows that Zhengtai Anne Energy is committed to becoming a digital, service-oriented comprehensive energy service provider for households. Since its establishment, the company has focused on the household photovoltaic field, already possessing the capabilities in the design and development of household photovoltaic power plants, as well as in plant monitoring and operation, enabling the delivery of high-quality, high-standard household photovoltaic power plant products to customers, as well as providing quality services throughout the lifecycle of household photovoltaic power plants. The company's main business model includes the sale of household photovoltaic system equipment, cooperative construction of household photovoltaic power plants, sales of household photovoltaic power plants, and post-sales and maintenance services for household photovoltaic power plants. Financially, in 2022, 2023, and 2024, Zhengtai Anne Energy is expected to achieve operating revenues of approximately 13.704 billion, 29.606 billion, and 31.826 billion RMB respectively; the net profits are estimated to be approximately 1.753 billion, 2.604 billion, and 2.861 billion RMB during the same period.