ST Energy Efficiency: Intends to invest 120 million yuan to establish a joint venture company.

*ST Energy-Saving Announcement: The company plans to sign the "Investment Agreement for Low Carbon Material Production Project" with the People's Government of Tongshan County. The company plans to invest 120 million yuan in the Nanlin Industrial Park of Tongshan County Economic Development Zone, with Shengu Energy-Saving holding a 51% stake and needing to fulfill an actual capital contribution of approximately 61.2 million yuan. In order to ensure the research and development of recycled copper low carbon materials project, the company plans to jointly establish a holding subsidiary Tongshan Shengu Low Carbon Material Technology Co., Ltd. with Tongtai Supply Chain Co., Ltd. and Hubei Zhongyi Copper Industry Co., Ltd., with an estimated registered capital of 10 million yuan. Shengu Energy-Saving will subscribe for 5.1 million yuan, accounting for 51%.