Baotong Energy: Transfer of 566 million yuan worth of equity to its subsidiary.

Baikun Energy Announcement: The company intends to transfer the equity of multiple subsidiaries it holds to its wholly-owned subsidiary Baitong Cogeneration at a book value of approximately 566 million yuan as of March 31, 2025. After the equity transfer is completed, the related subsidiaries will become subsidiaries of Baitong Cogeneration. This transfer is an internal asset adjustment of the company, does not involve changes in the scope of consolidated financial statements, and does not constitute related party transactions or major asset restructuring. This move is conducive to the specialized management of the company's cogeneration business, and promotes the operation and development of centralized heating and cogeneration business in industrial parks. The board of directors has approved the transfer, and it still needs to be submitted for approval at the shareholders' meeting.