On the evening of September 9, Nandu Power announced that the holding subsidiary energy technology planned to transfer 80% of its shares of Nandu Energy Co., Ltd. to Hanzhong Energy Technology Holding Co., Ltd., with a total transaction consideration of 2.69168 million yuan. After the transfer is completed, energy technology still holds 20% equity of Nandu Energy Co., Ltd., but it is no longer included in the scope of the Company's consolidated statements. If this transaction is completed, it is expected to affect the net profit of Nandu power supply in 2024 about 4.2411 million yuan.

It is reported that Nandu Energy Co., Ltd., the target company of this transaction, was registered and established in Seoul, South Korea on October 26, 2020, with a registered capital of 500000 US dollars and a corresponding contribution of 3.3646 million yuan. Data shows that the company's revenue in 2023 was 39.2704 million yuan, and its net profit was 4.3518 million yuan. In the first half of 2024, the company had a revenue of 1.055 million yuan and a net profit loss of 679000 yuan. As of June 30 in the first half of the year, the company's total assets were 1.6558 million yuan and its net assets were-2.4044 million yuan.

Zhejiang Nandu power supply Power Co., Ltd. Zhejiang Nandu Energy Technology Co., Ltd. (hereinafter referred to as" energy Technology") is the transferor of this transaction, holding 100% equity of the target company.

the transferee Korea-China Energy Technology Holding Co., Ltd. was just incorporated in Seoul, South Korea on September 1, 2024 with a registered capital of 520 million won and about 2.756 million yuan.

According to the announcement of Nandu power supply, in order to more accurately locate the target market and provide localization services, energy technology plans to transfer 80% of the equity of Nandu Energy Co., Ltd. to Hanzhong Energy Association, corresponding to the registered capital of 400000 US dollars, the corresponding contribution is 2.69168 million yuan.

After the completion of the above transfer, energy technology still holds 20% equity of Nandu Energy Co., Ltd. The target company is no longer the company holding Sun Company and is no longer included in the scope of the Company's consolidated statements.