Jiuding New Materials: A wholly-owned subsidiary has acquired 100% equity of Gansu Jiuding New Energy Development Co., Ltd.

Notice from Jiuding New Materials: Recently, Gansu Jiuding New Energy Development Co., Ltd. has completed the procedures for industrial and commercial changes registration and obtained a new "Business License" issued by the Suzhou District Market Supervision Administration. The company's wholly-owned subsidiary, Gansu Jiuding Wind Power Composite Materials Co., Ltd., holds 100% equity of Jiuding New Energy, and Jiuding New Energy is included in the company's consolidated financial statements.