Eastern New Energy: The audit evaluation of the major asset acquisition has been completed and is pending review by the shareholders' meeting.

Oriental New Energy announced that the company and its wholly-owned subsidiaries intend to use cash to acquire 100% equity of Sea City Ruihai and 80% equity of Beijing Electric Investment Ruixiang, which are partnerships in which the company and its subsidiaries collectively hold all of the contributed capital, forming a major asset restructuring. Currently, the audit, evaluation, and due diligence work related to the transaction has been completed, and the investigation into insider trading by persons with insider information has been concluded, with no evidence of insider trading. After finalizing related matters, the company's board of directors will submit the relevant proposals for consideration by the shareholders' meeting. This transaction still requires approval by the shareholders' meeting and regulatory authorities, and the approval and timing are uncertain.