Shennan Electric A: A holding subsidiary plans to invest no more than 3.9 billion yuan to build a 200MW/400MWh independent energy storage power station project.

Shennan Electric A Announcement: In order to seize the opportunity of the energy storage industry, further leverage the site resource advantages of the independent energy storage power station project of 300MW/600MWh in the Cuiheng New District of Zhongshan City by its holding subsidiary Xiban Company, and maximize economies of scale, it is planned that Xiban Company will invest in the construction of the independent energy storage power station project of 300MW/600MWh in the Cuiheng New District of Zhongshan City, with a construction scale of 200MW/400MWh. The total construction scale of the project is 200MW/400MWh, with a total static investment of no more than 390 million yuan, funds from own funds and bank loans, and unit cost not exceeding 0.973 yuan/Wh.