KONG SUN HOLD (00295) announced that as part of the internal restructuring of its wholly-owned subsidiary, Jiangshan Yongtai Investment Holdings Limited (Jiangshan Yongtai), Jiangshan Yongtai has transferred the full equity of Datong Wantong New Energy Co., Ltd. (Datong Wantong) and Huangshi Huangyuan Photovoltaic Power Development Co., Ltd. (Huangshi Huangyuan) to Jinan Tianguan Energy Technology Co., Ltd. (Jinan Tianguan), which is currently a direct wholly-owned subsidiary of Jiangshan Yongtai. Following the completion of these transfers, Datong Wantong and Huangshi Huangyuan remain indirect wholly-owned subsidiaries of the company.

Due to the internal restructuring, the sole shareholder of Datong Wantong and Huangshi Huangyuan has changed from Jiangshan Yongtai to Jinan Tianguan. On December 11, 2025, Jinan Tianguan entered into equity pledge agreements for the full equity interests of Datong Wantong and Huangshi Huangyuan, respectively, and jointly provided a joint guarantee with Jiangshan Yongtai (collectively referred to as the "Guarantee Arrangement") for the benefit of Hebei Financial Leasing Co., Ltd. (Hebei Jinzu). This arrangement secures the obligations under existing loans provided by Hebei Jinzu to Datong Wantong and Huangshi Huangyuan. The previous equity pledge provided by Jiangshan Yongtai to Hebei Jinzu has been correspondingly released.