Lixin New Energy: Plans to invest in the construction of three independent energy storage projects, with a total estimated investment of 1.25 billion yuan.

Lixin New Energy announced that its wholly-owned subsidiaries Lixin Hotan, Lixin Minfeng County, and Lixin Pishan County plan to invest in the construction of independent energy storage projects in Hotan City (with a capacity of 100 MW/400 MWh), Minfeng County (200 MW/800 MWh), and the second phase in Pishan County (200 MW/800 MWh). The total investment is estimated at 1.25 billion yuan. The construction period for each project is 12 months, and the funds will come from the company's own funds and bank loans. These projects meet the company's strategic development needs, help to promote the company's continued exploration and practice in the field of large-scale energy storage, but have little impact on the company's current profits. There is some uncertainty and risk in future profits.