Shao Neng Co., Ltd: intends to invest in setting up a wholly-owned subsidiary with a registered capital of 1 billion yuan in Lechang City.

Shao Energy Co., Ltd. announcement, in order to focus on the energy main business, implement the integration of power generation, storage and electricity in the Shaoguan data center cluster source network, the company's wholly-owned subsidiary Guangdong Shaoneng Algorithmic Power Integration Investment Co., Ltd. plans to invest in the establishment of a wholly-owned subsidiary in Lechang City, Shaoguan, with a registered capital of 1 billion yuan. This external investment has been approved at the thirty-sixth interim meeting of the eleventh board of directors of the company and needs to be submitted to the shareholders' meeting for approval.