Changyuan Donggu: Planning to issue shares to acquire 100% equity of Xiangyang Kanghao Mechanical and Electrical Engineering Co., Ltd.

Changyuan Donggu Announcement, the company plans to purchase 100% equity of Xiangyang Kanghao Mechanical and Electrical Engineering Co., Ltd. held by Hubei Xinyuan Power Technology Group Co., Ltd. through issuing shares, and intends to raise supporting funds from no more than 35 specific investors. As of the signing date of the preliminary plan summary, the audit and valuation work related to this transaction has not yet been completed, and the audited financial data and asset valuation results of the target company will be disclosed in the restructuring report.

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