Panjiang Stock: Wholly-owned subsidiary to invest 962 million yuan in building new energy power generation projects.

Panjiang Group Announcement: The company's wholly-owned subsidiary Panjiang New Energy Power Generation Co., Ltd. is investing in the construction of the Luoxihe Wind Power Project in Panzhou City and the Phase I Agriculture Photovoltaic Power Station Project in Xiangshui Town, Panzhou City. The total construction scale is 170MW with a total investment of 962 million yuan. Among them, the total investment in the wind power project is 721 million yuan, and the total investment in the photovoltaic power station project is 241 million yuan. The project has been approved by the board of directors and does not require approval by the shareholders' meeting, therefore does not constitute a major asset restructuring. The project is in line with the national "dual carbon" goals and new energy development policies, and is expected to save 89,900 tons of standard coal and reduce carbon dioxide emissions by 246,300 tons annually.