ST Bao Shi: Wholly-owned subsidiary plans to invest 145 million yuan to build an energy storage power station project.

ST Bao Shi Announcement: Wholly-owned subsidiary Ningguo Yun Zhongwei New Energy Co., Ltd. is planning to invest in the construction of the Yun Zhongwei New Energy Co., Ltd. Yingshui Qiao 80MW/160MWh energy storage power station project, with estimated total investment of approximately 145 million RMB. Funding sources include local government special bond funds, self-owned funds, and bank loans. The project construction includes an 80MW/160MWh energy storage system, with 8 sets of 5MW/5MWh and 8 sets of 5MW/15MWh energy storage units. The total construction period of the project is approximately 6 months, located in Yingshui Qiao Town, Shapotou District, Zhongwei City, Ningxia. The project's financial internal rate of return is 2.54%, the capital financial internal rate of return is 2.52%, the project's investment payback period is 18.66 years, the total investment return rate is 2.02%, and the project's capital net profit margin is 3.68%.