Announcement on Progress of Sale of Investee Company Equity and Signing of Supplementary Agreement
The company and all members of the board of directors guarantee the content of the information disclosure is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.
I. Overview of the Transaction
On December 1, 2025, Guangzhou Gaolan Energy Saving Technology Co., Ltd. (hereinafter referred to as "Gaolan Shares" or "the Company") held its tenth meeting of the fifth board of directors, and reviewed and approved the "Proposal on the Proposed Sale of Investee Company Equity and Signing of the Conditional 'Asset Purchase Agreement by Issuing Shares and Paying Cash'". It agreed to transfer its 5,128,400 yuan capital contribution in Dongguan Guixiang Insulation Materials Co., Ltd. (hereinafter referred to as "Dongguan Guixiang" or "the Target Company") (accounting for 16.9759% of the Target Company's current registered capital, hereinafter referred to as "the Target Asset") to Shenzhen Aikeleite Technology Co., Ltd. (hereinafter referred to as "Aike Shares"). An "Asset Purchase Agreement by Issuing Shares and Paying Cash" (hereinafter referred to as the "Purchase Agreement") was signed with Aike Shares, the details of which were disclosed in the "Announcement on the Proposed Sale of Investee Company Equity and Signing of the Conditional 'Asset Purchase Agreement by Issuing Shares and Paying Cash'" (Announcement No.: 2025-048) disclosed by the company on the Juchao Information Network (www.cninfo.com.cn) on December 3, 2025.
The company held the eleventh meeting of the fifth board of directors and the first extraordinary general meeting of shareholders on March 26, 2026, and April 13, 2026, respectively. It reviewed and approved the "Proposal on the Sale of Investee Company Equity and Signing of the Supplementary Agreement to the 'Asset Purchase Agreement by Issuing Shares and Paying Cash'". It agreed to sign the "Supplementary Agreement (I) to the Asset Purchase Agreement by Issuing Shares and Paying Cash by Shareholders of Shenzhen Aikeleite Technology Co., Ltd. and Dongguan Guixiang Insulation Materials Co., Ltd." (hereinafter referred to as "Supplementary Agreement (I)") with Aike Shares, to supplement and amend the transaction-related matters in the "Asset Purchase Agreement by Issuing Shares and Paying Cash". The specific content was disclosed in the "Announcement on the Progress of the Sale of Investee Company Equity and Signing of the Supplementary Agreement" (Announcement No.: 2026-004) and the "Announcement on the Resolution of the First Extraordinary General Meeting of Shareholders" (Announcement No.: 2026-007) disclosed by the company on the Juchao Information Network (www.cninfo.com.cn) on March 28, 2026, and April 14, 2026.
II. Progress of the Transaction
On August 3, 2026, the company held the fifteenth meeting of the fifth board of directors and reviewed and approved the "Proposal on the Sale of Investee Company Equity and Signing of the Supplementary Agreement (II) to the 'Asset Purchase Agreement by Issuing Shares and Paying Cash'". It agreed to sign the "Supplementary Agreement (II) to the Asset Purchase Agreement by Issuing Shares and Paying Cash by Shareholders of Shenzhen Aikeleite Technology Co., Ltd. and Dongguan Guixiang Insulation Materials Co., Ltd." (hereinafter referred to as "Supplementary Agreement (II)") with Aike Shares and other relevant parties, to amend and supplement the transaction-related matters in the Purchase Agreement and Supplementary Agreement (I). This matter still needs to be submitted for the company's shareholders' meeting approval.
This transaction does not constitute a related party transaction and does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies".