Power source: Transfer of equity of investee companies between subsidiaries

Announcement of Power Source: Subsidiary Xiongan Power Source Technology Co., Ltd intends to transfer 25% equity of Fuyang Power Source Energy Technology Co., Ltd held by Anhui Power Source Technology Co., Ltd at a price of 0 yuan. After the equity transfer, Anhui Power Source will make a capital contribution of 14.5 million yuan in cash or in kind for the 25% equity of Fuyang Power Source. This transaction has been reviewed and approved by the company's board of directors and supervisory board, and does not constitute a related party transaction or a major asset restructuring.