Announcement on the Transfer of Wholly-Owned Subsidiaries Involved in Fundraising Projects

Important Content Reminder:

1. Shenzhen Jinlang Technology Co., Ltd. (hereinafter referred to as "Jinlang Technology" or "the Company") intends to transfer its wholly-owned subsidiary Ningbo Jinlang Smart Energy Co., Ltd. (hereinafter referred to as "Jinlang Smart") and its wholly-owned subsidiary Zhejiang Haisu Information Technology Service Co., Ltd. (hereinafter referred to as "Zhejiang Haisu") to consolidate and transfer all photovoltaic system equipment held by 24 wholly-owned project subsidiaries to Jinlang Smart. Additionally, 100% equity of these wholly-owned project subsidiaries will be transferred to Hubei Hanyuan New Energy Co., Ltd. (hereinafter referred to as "Hubei Hanyuan"). After the completion of the industrial and commercial change registration (equity change) procedures for the aforementioned wholly-owned project subsidiaries, Jinlang Smart will transfer all photovoltaic system equipment obtained from the 24 wholly-owned project subsidiaries to a subsidiary of Hubei Financial Leasing Co., Ltd. (hereinafter referred to as "Hubei Jinzu").
2. This transaction involves a grid-connected installed capacity of approximately 62.26 MW for photovoltaic power stations. Upon completion of this transaction, the aforementioned 24 wholly-owned project subsidiaries will no longer be included in the Company's consolidated financial statements.
3. Given the overall bundled acquisition request from the counterparty and the fact that the target companies are part of the distributed photovoltaic power station construction projects funded by the convertible bonds issued to unspecified objects in 2022 (hereinafter referred to as "2022 Convertible Bond Fundraising Project") and the stock issuance to specific objects in 2022 (hereinafter referred to as "2022 Private Placement Fundraising Project"), this transaction will involve the external transfer of certain photovoltaic power stations from the 2022 Convertible Bond Fundraising Project and the 2022 Private Placement Fundraising Project.
4. This transaction has been reviewed and approved by the 20th meeting of the fourth board of directors of the Company. The transaction does not constitute a related party transaction or a major asset restructuring and does not require submission to the shareholders' meeting for approval.
5. The transaction agreement has not yet been signed, and relevant parties need to complete their respective internal approval procedures. The Company and all members of the board of directors guarantee that the announcement content is true, accurate, and complete, with no false records, misleading statements, or significant omissions.