Golden Confluence Technology: jointly establish a joint venture company with Lingchong New Energy with a registered capital of 28 million yuan.

Golden Profit Technology Announcement: In order to promote the strategic layout of the company in the field of energy convergence, enhance the core competitiveness of the company, the company intends to jointly invest in the establishment of a joint venture company with Lingchong New Energy Technology Co., Ltd. in Foshan City, Guangdong Province. The registered capital of the joint venture company is proposed to be RMB 28 million, of which Golden Profit Technology intends to subscribe for RMB 18.2 million, with a subscription ratio of 65%; Lingchong New Energy intends to subscribe for RMB 9.8 million, with a subscription ratio of 35%.