Ningbo Energy: Intends to carry out outward investment business of no more than 1 billion yuan.

Ningbo Energy Announcement: The company plans to carry out foreign investment business, including stock trading, convertible bond trading, and reverse repurchase. The investment amount is not exceeding 1 billion yuan at any point in the continuous 12 months. The funds come from the company's own funds, with an investment term from the date of approval at the annual shareholder meeting in 2025 to the annual shareholder meeting in 2026. This matter has been approved by the 44th meeting of the 8th Board of Directors of the company and still needs to be submitted for approval at the 2025 annual shareholder meeting of the company.