Changhong Gaoke: Terminate the establishment of a joint venture company for external investment.

Changhong Gaoke Announcement: The company held the 20th meeting of the third board of directors on August 27, 2025, and approved the proposal to terminate the establishment of a joint venture company through external investment. The company originally planned to establish a joint venture company with Panjin Shengteng Industrial Development Co., Ltd. with a total investment of 500 million yuan, with respective share holdings of 45% and 55%. However, due to the continuous decline in prices of the photovoltaic industry chain and the highly uncertain future profit space, both parties have decided to terminate this investment plan. The termination of this external investment will not have a significant impact on the company's production and operation or financial situation.