Zhongcheng Co., Ltd. announced that the 7th meeting of the company's 10th board of directors deliberated and passed the bill to establish a New Zealand branch with a registered capital of 5,000 US dollars, which is mainly used for the territorial implementation of the New Zealand Glorit 170MW photovoltaic power plant EPC project, including project site management, design review and coordination, and equipment import customs clearance. This matter still requires the filing of overseas investment projects, etc., and does not constitute a related transaction or major asset restructuring.

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