Tongwei Co., Ltd.: Promoting the issuance of shares and cash payment to acquire 100% equity of Lihai Qingneng.

Tongwei Co., Ltd. announced that the company plans to purchase 100% equity of Lihau Qingneng held by Duan Yong and 56 other shareholders through the issuance of shares and cash payment, as well as to raise supporting funds. On March 10, 2026, this matter was approved by the board of directors. As of the announcement date, preliminary work such as auditing and evaluation has been completed, and the parties involved are still negotiating the specific plan. There is a risk that an agreement may not be reached through negotiation, and the matter still requires another review by the board of directors, approval from the shareholders' meeting, and approval from the regulatory authorities, leaving the outcome uncertain.