Tongfang Corporation: Intends to publicly list and transfer 100% equity of its holdings in Shanghai Cuineng.

Tongfang Corporation announced that in order to further accelerate industrial restructuring optimization, revitalize assets, integrate corporate resources, and improve asset operation efficiency, its wholly-owned subsidiary Tongfang Technology Park intends to transfer 100% equity of Shanghai Cuineng Optoelectronics Technology Co., Ltd. through public listing on the property rights exchange. As of the base date of May 31, 2025, the audited net asset book value of 100% equity of Shanghai Cuineng is -15.6456 million yuan, the appraisal value is 17.2043 million yuan, with an appraisal appreciation of 3.28499 million yuan and an appreciation rate of 209.96%. The listing price for this transaction is based on the appraisal value recorded by China National Nuclear Corporation, and the transaction price will be determined based on the delisting amount agreed upon by the property rights exchange.