Announcement on behalf of subsidiary Solar Green(KunShan) Realized loss of individual derivative transaction exceeds the regulated ceiling.

1.Type of contract:Forward Contrace
2.Date of occurrence of the event:2024/07/12
3.Contract price:RMB 3,965,193.64
4.Monetary value of margin or royalties paid:None
5.Ceiling on losses for aggregate or individual contracts set forth in the Procedures:
30% of the monetary value of the individual contract。
6.Reason for derivative transaction:Hedging.
7.Item(s) being hedged:Silver (raw material).
8.Monetary value of the hedged item(s):RMB 3,965,193.64
9.Profit (loss) of the hedged item(s):RMB 1,439,102.35 of loss。
10.The losses (including realized and unrealized losses) assessed using fair value:
Sum of realized loss RMB 1,439,102.35
11.Reason for occurrence of the losses and the impact to the Company:
The price of silver has since escalated after the transaction,
resulting in realized loss exceeding 30% of the individual contract value.
12.Contract period:2024/1/12~2024/3/13
13.Restrictive covenants:None
14.Other important terms and conditions:None
15.Any other matters that need to be specified:None