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

1.Type of contract:Forward Contrace
2.Date of occurrence of the event:2024/11/06
3.Contract price:RMB 13,540,929.74
4.Monetary value of margin or royalties paid:RMB 2,013,166.30
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:Gold (raw material)、Silver (raw material).
8.Monetary value of the hedged item(s):RMB 13,540,929.74
9.Profit (loss) of the hedged item(s):RMB 4,268,350.26 of loss。
10.The losses (including realized and unrealized losses)
assessed using fair value:Sum of realized loss RMB 4,268,350.26
11.Reason for occurrence of the losses and the impact to the Company:
The price of gold has since escalated after the transaction,
resulting in realized loss exceeding 30% of the individual contract
value.
12.Contract period:
2023/10/20~2023/10/23(AUTD Non-settlement time-limited regulation)
2024/1/22~(AGTD Non-settlement time-limited regulation)
13.Restrictive covenants:None
14.Other important terms and conditions:None
15.Any other matters that need to be specified:None