Guoneng Rixin announced that the company's wholly-owned subsidiary, Nissin Honghang Smart Energy Co., Ltd. plans to sign a “Cooperation Framework Agreement” with the Lingshui International Investment Promotion Bureau to invest in the construction of a 100 MW/400 MWh independent energy storage project in Li'an. The total investment amount of the project will not exceed 350 million yuan. The funding source is the company's own capital and self-financing of its wholly-owned subsidiaries. The investment matter has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for consideration, it does not involve related transactions, and it does not constitute a major asset restructuring. Currently, the project is still in the early stages of preparation. There are risks such as approval, policy changes, and financing, which will not have a substantial impact on the company's current business performance in the short term.

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