Flagship Group: Termination of Share Issuance for Asset Acquisition.

Qibin Group Announcement: The company originally planned to purchase 28.78% equity of its holding subsidiary, Hunan Qibin Photovoltaic Technology Co., Ltd., through the issuance of shares, and this transaction does not involve raising supporting funds. Since the planning of this transaction, the company has strictly complied with relevant laws, regulations, and normative documents, actively organized relevant parties to promote the transaction, and carefully studied and demonstrated the transaction scheme. However, due to the long duration of the transaction since its planning, changes in the current market environment, transaction cycle, secondary market, and the actual situation of the target company compared to the initial planning of this transaction, in order to effectively protect the long-term interests of the listed company and the general investors, after thorough communication and friendly negotiations with the company and relevant parties, careful study and full demonstration, based on prudence, the company intends to terminate this transaction and sign relevant termination agreements with all parties involved in the transaction.