Chint Electric: Wholly-owned subsidiary plans to subscribe for 50 million yuan worth of industrial fund shares.

Chint Electric announced that its wholly-owned subsidiary, Chint New Energy, intends to use self-raised funds of up to 50 million yuan to subscribe for shares of Zhaoxi Advantage No. 2 Fund. The target total capital commitment of the Zhaoxi Advantage No. 2 Fund is 2 billion yuan, with Chint New Energy's contribution ratio at 7.1429%. This transaction does not constitute a major asset restructuring or a related party transaction. The fund has not yet completed the registration with the China Securities Investment Fund Association, and there is a risk that the expected returns may not be realized.