Announcement Regarding the Transfer of Wholly-Owned Project Subsidiaries Involving Fund-Raising Projects

Stock Code: 300763 Stock Abbreviation: Ginlong Technologies Announcement No.: 2026-045

Bond Code: 123259 Bond Abbreviation: Ginlong Convertible Bond 02

Announcement Regarding the Transfer of Wholly-Owned Project Subsidiaries Involving Fund-Raising Projects

Important Content Notice:

1. Transaction 1: Ginlong Technologies Co., Ltd. (hereinafter "Ginlong Technologies" or the "Company") and its wholly-owned subsidiary, Ningbo Ginlong Smart Energy Co., Ltd. (hereinafter "Ginlong Smart Energy"), along with Zhejiang Haisu Information Technology Service Co., Ltd. (hereinafter "Zhejiang Haisu," a wholly-owned subsidiary of Ginlong Smart Energy), intend to integrate the photovoltaic system equipment held by 128 wholly-owned project subsidiaries and transfer it to Ginlong Smart Energy for a total of 1,557.4551 million yuan (tax included). Simultaneously, 100% of the equity of these project subsidiaries will be transferred to Hefei Zhongxinnenghe New Energy Technology Co., Ltd. (hereinafter "Hefei Zhongxinnenghe") for 898.8249 million yuan. After the industrial and commercial change registration (equity change) is completed, Ginlong Smart Energy will transfer all photovoltaic system equipment acquired from these 128 subsidiaries to Huarong Financial Leasing Co., Ltd. (hereinafter "Huarong Financial Leasing") for 1,557.4551 million yuan (tax included). This transaction involves approximately 473.48MW of operational photovoltaic power station capacity.

Transaction 2: The Company's wholly-owned subsidiary, Ginlong Smart Energy, intends to transfer 100% equity of one wholly-owned project subsidiary to Anhui Yaheyun New Energy Technology Co., Ltd. (hereinafter "Anhui Yaheyun") for a consideration of 5.7485 million yuan, involving approximately 3.15MW of operational photovoltaic power station capacity.

Transaction 3: The Company's wholly-owned subsidiaries, Ginlong Smart Energy and Zhejiang Haisu, intend to transfer 100% equity of six wholly-owned project subsidiaries to Hainan Zhaowei Holding Co., Ltd. (hereinafter "Hainan Zhaowei") for a total consideration of 20.086 million yuan, involving approximately 6.09MW of operational photovoltaic power station capacity.

1. The three transactions involve a total operational photovoltaic power station capacity of approximately 482.72MW. Upon completion, these 135 wholly-owned project subsidiaries will no longer be included in the Company's consolidated financial statements.

2. Given the counterparty's request for a bulk acquisition, and because the target companies are part of the distributed photovoltaic power station construction projects under the 2022 convertible bond and 2022 private placement fund-raising projects that have already been completed and put into operation, this transaction involves the external transfer of some photovoltaic power stations from these fund-raising projects.

3. This transaction has been approved by the 21st meeting of the 4th Board of Directors. It does not constitute a related-party transaction or a major asset restructuring and does not require submission to the Company's general meeting of shareholders.

4. The transaction agreements have not yet been signed, and the relevant parties must still complete their respective internal approval and filing procedures. The Company will fulfill its information disclosure obligations in a timely manner as the transactions progress.

I. Overview of the Transaction

Based on business development and strategic planning, to promote the rolling development of power station projects, further optimize the Company's asset structure, accelerate asset turnover, and align with the Company's new energy industry development plan, the Company intends to implement a package transaction with Huarong Financial Leasing (a central enterprise subsidiary, 60% owned by China CITIC Group Corporation) and Hefei Zhongxinnenghe.