Shuangjie Electric: Intends to participate in the issuance of shares by Fosun Technology to purchase assets.

On the evening of April 30th, Shuangjie Electric announced that the company and its holding subsidiary, Jiexin Yuan, signed an agreement with Foshan Fosug Technology on April 29th, entitled "Agreement on the Purchase of Assets of Hebei Jinli New Energy Technology Co., Ltd. by Foshan Fosug Technology Group Co., Ltd. Subject to Effective Conditions". Currently, the company and Jiexin Yuan collectively hold 3.86% of Jinli Energy's shares. Foshan Fosug Technology plans to purchase all of the shares of Jinli Energy held directly and indirectly by the company through issuing shares. The total transaction price for 100% of Jinli Energy's shares is 5.08 billion yuan. If the transaction is successfully completed, the shares of Jinli Energy held directly and indirectly by the company will be converted into shares of Foshan Fosug Technology, which will benefit the company in enhancing asset liquidity and promoting long-term development.