KONG SUN HOLD (00295): Jiangshan Yongtai will transfer all equity of Datong, Wuhu Tong, Huangshi Huangyuan to Jinan Tianguan

KONG SUN HOLD (00295) announced that as part of the internal restructuring of its wholly-owned subsidiary Jiangshan Yongtai Investment Holdings Co., Ltd. (Jiangshan Yongtai), Jiangshan Yongtai will transfer all the equity of Datong City Wancopper New Energy Co., Ltd. (Datong Wancopper) and Huangshi Huangyuan Photovoltaic Power Development Co., Ltd. (Huangshi Huangyuan) to Jinan Tianguan Energy Technology Co., Ltd. (Jinan Tianguan), which is currently a direct wholly-owned subsidiary of Jiangshan Yongtai. Following the completion of these transfers, Datong Wancopper and Huangshi Huangyuan will still be indirect wholly-owned subsidiaries of the Company. Due to the above internal restructuring resulting in Jinan Tianguan becoming the sole shareholder of Datong Wancopper and Huangshi Huangyuan, Jinan Tianguan entered into equity pledge agreements with respect to the entire equity interests of Datong Wancopper and Huangshi Huangyuan on December 11, 2025, and jointly provided joint guarantees (referred to as the guarantee arrangement) with Jiangshan Yongtai to Hebei Financial Lease Co., Ltd. (Hebei Finance Lease) as the beneficiary, to guarantee the respective obligations of Hebei Finance Lease under the existing loans provided to Datong Wancopper and Huangshi Huangyuan. The equity pledge previously provided by Jiangshan Yongtai to Hebei Finance Lease has been correspondingly released.