Xinao Stock: The company plans to privatize Xinao Energy Holdings Limited through its wholly-owned subsidiary and obtain approval from the National Development and Reform Commission.

Xin Ao Announcement: The company plans to privatize Xin Ao Energy Holdings Limited through its wholly-owned subsidiary, and list it on the main board of the Hong Kong Stock Exchange through an introduction to the market. This transaction constitutes a major asset restructuring and a related party transaction. The company received the "Notice of Record Filing for Overseas Investment Projects" issued by the National Development and Reform Commission of the People's Republic of China on August 22, 2025. The transaction has completed the record-filing procedures of the NDRC.