Hengshang Energy Saving: Subsidiary plans to invest 50 million yuan to participate in the establishment of an investment fund.

Hengshang Energy Saving Announcement: The company's wholly-owned subsidiary, Wuxi Hengshang Investment Management Co., Ltd., intends to contribute 50 million yuan as a limited partner to participate in the establishment of Shanghai Changshan Private Equity Fund Partnership Enterprise, accounting for 1.4535% of the total fund capital. The fund focuses on high-quality target resources in the advanced manufacturing, new materials and other industry chains. The fund is organized in the form of a limited partnership with a total contribution amount of 3.44 billion yuan. This investment constitutes a related party transaction, but does not constitute a major asset restructuring.