Mountain High Environmental Protection: After completing the targeted issuance of shares purchase plan, the shareholding proportion reached 41.68%.

Announcement of Mountain High Environmental Energy: Shandong Expressway Industry Investment Co., Ltd. plans to subscribe for up to 140 million shares of Mountain High Environmental Energy to specific investors in cash, with a subscription amount not exceeding 7.18 billion yuan. After the private placement is completed, Shandong Expressway Industry Investment Co., Ltd. will directly hold 23.08% of the shares of Mountain High Environmental Energy, with a total shareholding percentage of 41.68%. This transaction has been approved by the board of directors and shareholders' meeting of Mountain High Environmental Energy, and still needs to be approved by the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission. Shandong Expressway Industry Investment Co., Ltd. promises not to transfer the subscribed shares within three years after completion of the subscription. The purpose of this transaction is to enhance the company's financial strength, optimize its capital structure, and consolidate the controlling position of the state-owned shareholders.