Zhongnan Culture announced that the company previously planned to acquire 57.30% of Jiangyin Sulong Thermal Power Co., Ltd.'s shares and raise supporting capital through the issuance of shares and cash payments; in order to eliminate potential competition in the industry, it plans to purchase an additional 50.00% of Jiangyin Thermal Power Co., Ltd., and both companies will become subsidiaries controlled by the company after the transaction is completed. This transaction is expected to constitute a major asset restructuring and related transaction, and does not constitute a restructuring and listing. Currently, the audit, evaluation and other related work involved in the exchange has not been completed.

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