Shennan Electric A announced that on October 30, 2026, the company signed an “Share Acquisition Intent Agreement” with Tianhe Solar Technology Co., Ltd. and Tianhe Solar Energy Co., Ltd. to purchase no less than 51% and no more than 70% of the shares of Tianhe Pioneer PV Mounting Co., Ltd. held by Tianhe Technology through cash payment. The transaction is expected to constitute a major asset restructuring, not a related transaction, not involving the issuance of shares, a restructuring and listing, and will not lead to changes in the controlling shareholders and actual controllers of the company. The deal is still in the planning stage. The parties have yet to sign a formal agreement. There is uncertainty about whether cooperation can be reached in the end, and trading of the company's shares will not be suspended.

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