Flagship Group: Employee stock ownership platform intends to transfer 11.21% of Flagship Energy's equity ownership, and the company waives its right of first refusal.

Qibin Group Announcement: The holding subsidiary Qibin Solar's employee stock ownership platform intends to transfer its 11.21% equity held to China Orient Asset Management Co., Ltd. The total transfer price is 386 million yuan. The company has decided to waive its right of first refusal to purchase the subject equity. After the transfer is completed, the company's shareholding ratio in Qibin Solar will remain unchanged at 71.22%, still the controlling shareholder. This transaction does not constitute a related party transaction or a major asset restructuring, and aims to align with industry cycle characteristics, leverage strategic partners to empower the development of Qibin Solar, while also considering the stability of the talent team and the development needs of Qibin Solar.