Changqing Group: The wholly-owned subsidiary transferred ownership internally and completed the industrial and commercial changes registration.

Changqing Group announced that its wholly-owned subsidiary, Mingchu Hong Kong, recently transferred 5.3015% of its equity in Chuerte Thermal Energy to the company and completed industrial and commercial registration changes. Before the transfer, the company directly and indirectly held 100% equity in Chuerte Thermal Energy; after the transfer, the company directly holds 100% of its equity, still a wholly-owned subsidiary, and the scope of consolidated financial statements remains unchanged. This transfer does not involve related party transactions or major asset restructuring, has completed internal decision-making procedures, and does not require board of directors or shareholder approval.