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

1.Type of contract:Forward Contract
2.Date of occurrence of the event:2024/11/04
3.Contract price:RMB 2,653,355.30
4.Monetary value of margin or royalties paid:RMB 475,145.70
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 2,653,355.30
9.Profit (loss) of the hedged item(s):RMB 899,809.70 of loss。
10.The losses (including realized and unrealized losses)
assessed using fair value:Sum of realized loss RMB 899,809.70
11.Reason for occurrence of the losses and the impact to the Company:
The price of gold/silver has since escalated after the transaction,
resulting in realized loss exceeding 30% of the individual contract
value.
12.Contract period:
2023/10/20~(AUTD Non-settlement time-limited regulation)
2023/12/11~2024/1/11(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