Tongwei Co., Ltd.: Plans to acquire 100% equity of Qinghai Lihao Clean Energy.

Tongwei Co., Ltd. announced that the company plans to acquire 100% equity of Qinghai Lihao Clean Energy Co., Ltd. held by 57 shareholders including Duan Yong through the issuance of shares and cash payment, and to issue shares to no more than 35 eligible specific investors to raise supporting funds. Upon verification by the board of directors, the audit and evaluation work for this transaction has not yet been completed, the valuation and pricing of the target assets have not yet been determined, and it is expected not to constitute a major asset restructuring; the counterparties are not related parties of the company, and after the transaction is completed, the shareholding ratio of any counterparty and its persons acting in concert is expected not to exceed 5%, and it is expected not to constitute a related-party transaction; the company's control rights have not changed in the most recent 36 months, and after the transaction the controlling shareholder will remain Tongwei Group and the actual controller will remain Liu Hanyuan, and it is expected not to constitute a restructuring listing.