Tangyuan Electric: Application for issuing stocks to specific entities has been approved.

Announcement from Tangyuan Electric: The company recently received approval from the China Securities Regulatory Commission for the issuance of stocks to specific entities by Chengdu Tangyuan Electric Co., Ltd. The company is allowed to proceed with the registration application for issuing stocks to specific entities. This issuance must strictly follow the submission of the registration documents to the Shenzhen Stock Exchange and the issuance plan; the approval is valid for 12 months from the date of registration. The company's board of directors will handle the issuance matters within the specified time frame in accordance with the relevant laws and regulations, and fulfill the obligation of timely disclosure of information as required by the shareholders' meeting.