Jilin Province Chuncheng Heating Company Limited* (the “Company”) confirmed the fulfillment of conditions precedent under its Assets Transfer Agreement I, transferring the relevant Target Assets I (excluding the Target Land) to the Company on October 31, 2025. All interests, rights, and obligations attached to these assets are now under the Company’s ownership and control with effect from the same date.

Additionally, conditions under Assets Transfer Agreements II and III have been met, resulting in completion of the Proposed Acquisition II and III on October 31, 2025. All interests, rights, and obligations related to the respective Target Assets II and Target Assets III were transferred from the Controlling Shareholder Group to the Group on the same date.