Shuangjie Electric announced that the board of directors of the company reviewed and passed the foreign investment bill. It plans to increase the capital of Guangzhou Jiangchu New Energy Technology Development Partnership with a monetary capital of 200 million yuan. After the capital increase, it plans to hold 33.2116% of its shares. The funds will be used by the partnership to purchase shares of the original shareholders of Guangzhou Huining Times New Energy Development Co., Ltd., increase capital to Huining Times, or use other purposes agreed in relevant transaction documents, and ultimately for the development, construction, operation and reasonable expenses of the partnership in the Huining Era Jiangmen Energy Storage Power Plant project. There is no need to submit this foreign investment matter to the shareholders' meeting for consideration.

Shuangjie Electric announced that the board of directors of the company reviewed and passed the foreign investment bill. It plans to increase the capital of Guangzhou Jiangchu New Energy Technology Development Partnership with a monetary capital of 200 million yuan. After the capital increase, it plans to hold 33.2116% of its shares. The funds will be used by the partnership to purchase shares of the original shareholders of Guangzhou Huining Times New Energy Development Co., Ltd., increase capital to Huining Times, or use other purposes agreed in relevant transaction documents, and ultimately for the development, construction, operation and reasonable expenses of the partnership in the Huining Era Jiangmen Energy Storage Power Plant project. There is no need to submit this foreign investment matter to the shareholders' meeting for consideration.