Rural Water Conservation: Planning to establish a wholly-owned subsidiary with an investment of 30 million yuan.

Announcement on the establishment of Runnong Water Saving Technology Co., Ltd. The company plans to invest in setting up a wholly-owned subsidiary in Chu'er Industrial Park, Yinde'er Town, Zhalai Banner, Xing'an League, Inner Mongolia, with a registered capital of RMB 30 million. The newly established subsidiary will be named Inner Mongolia Runnong Water Saving Technology Co., Ltd., with its registered address in Chu'er Industrial Park, Yinde'er Town, Zhalai Banner, Xing'an League, Inner Mongolia. The business scope includes manufacturing and selling drip irrigation pipes, fittings, pipes, water-saving irrigation filters, fertilizers, variable control cabinets, sprinkler devices, water supply equipment, start-up control cabinets, micro-sprinkler pipes, plastic-coated tapes, water treatment and purification equipment, hydraulic and water resources testing instruments, meteorological instruments and equipment, automation monitoring equipment, automation control equipment, gas, thermal and electrical pipes; design and construction of water-saving irrigation projects, smart agriculture system projects, garden and greening project construction; rural living environment improvement, land consolidation, high standard farmland project construction; and providing a series of technical consulting and services related to water saving.