Cyrus announced that the company plans to issue shares to purchase 100% of Longsheng New Energy's shares. On November 26, 2024, the company received the “Notice on Accepting the Application for the Purchase of Assets by Celis Group Co., Ltd.” issued by the Shanghai Stock Exchange. It believed that the application documents were complete and complied with the legal form, and decided to accept it and review it in accordance with the law. The transaction is subject to approval by the Shanghai Stock Exchange and the approval of the China Securities Regulatory Commission before it can be implemented. The company will promptly fulfill its obligation to disclose information in accordance with the progress of the above matters and in strict accordance with the provisions and requirements of relevant laws and regulations.