Hangzhou Turbine B: Application for major asset restructuring has been accepted.

Hangqi Turbine B Announcement, the company is planning to merge Hangzhou Hailian Xun Technology Co., Ltd. by issuing A-shares to all shareholders of Hangqi Turbine in exchange for their shares. This transaction still requires approval from the Shenzhen Stock Exchange and approval from the China Securities Regulatory Commission. There is uncertainty regarding whether the transaction will be approved and registered, as well as the time it will take to be approved and registered. The company will fulfill its disclosure obligations in a timely manner based on the progress of this matter.