Flagshore Group: Holding company invests 600 million yuan to establish Shenzhen Flagshore New Energy Technology Co., Ltd.

Qibin Group announcement: the controlling subsidiary, Hunan Qibin Photoelectric Technology Co., Ltd., intends to invest in setting up Shenzhen Qibin New Energy Technology Co., Ltd. in Baoan District, Shenzhen. The registered capital of Shenzhen New Energy is 600 million RMB, with Qibin Photoelectric holding 100% of the shares. This investment has been approved at the 9th meeting of the 6th board of directors of the company and does not require shareholder approval. The purpose of the investment is to respond to the regional and intensive development needs of the industrial chain, match its own business development situation, leverage regional advantages, build supply chain competitive barriers, upgrade the subsidiary's operational capability, and provide core support for improving its competitiveness in the field of photovoltaic glass.