Basic Overview
To meet the operational needs of Jiangmen Keheng Industrial Co., Ltd. (hereinafter referred to as "the Company" or "Keheng Co."), and its wholly-owned subsidiary, Yingde Keheng New Energy Technology Co., Ltd. (hereinafter referred to as "Yingde Keheng"), the Company, Yingde Keheng, Zhuhai Keheng Haoneng Intelligent Equipment Co., Ltd. (hereinafter referred to as "Zhuhai Haoneng"), and Shenzhen Haoneng Technology Co., Ltd. (hereinafter referred to as "Shenzhen Haoneng") signed a "Cooperation Framework Agreement" with Zhuhai Gree Supply Chain Management Co., Ltd. (hereinafter referred to as "Gree Supply Chain") to specifically carry out supply chain procurement business cooperation. Gree Supply Chain will provide a total supply chain procurement limit of RMB 450 million to the Company and Yingde Keheng, which is reusable, with specific procurement amounts subject to Gree Supply Chain's internal approval results.
At the same time, to ensure that the Company and Yingde Keheng fully and effectively fulfill all obligations under the "Cooperation Framework Agreement" and the "Product Sales Contract" signed with Gree Supply Chain, the Company and the aforementioned subsidiaries (Yingde Keheng, Zhuhai Haoneng, Shenzhen Haoneng) agreed to provide guarantees, with the guarantee method being the pledge of orders and accounts receivable recognized by Gree Supply Chain. The aforementioned matters have been approved by the 18th meeting of the 6th Board of Directors and the first extraordinary general meeting of shareholders in 2026. For specific details, please refer to the "Resolution Announcement of the 18th Meeting of the 6th Board of Directors" (Announcement No.: 2026-003) disclosed by the Company on January 15, 2026, and the "Announcement on Signing the <Cooperation Framework Agreement> and Related Transactions" (Announcement No.: 2026-004); and the "Resolution Announcement of the First Extraordinary General Meeting of Shareholders in 2026" (Announcement No.: 2026-017) disclosed on February 2, 2026.