Establishing a new energy company: planning to invest 529 million yuan in the construction of energy storage projects.

The announcement of Lixin New Energy: the company's wholly-owned subsidiary Kuitun City Lixin Comprehensive Energy Co., Ltd. plans to invest 529 million yuan to build a 200,000 kilowatt/800,000 kilowatt-hour network-type independent energy storage project in Kuitun City. The total investment in the project is estimated to be approximately 529 million yuan, with a construction period of 12 months. The funds will come from the company's own funds and bank loans. This project meets the company's strategic development needs, promotes the exploration and practice of the company in the field of large-scale energy storage, and is expected to have a positive impact on the company's long-term development and corporate performance.