Hoyuan Green Energy announced that the company plans to entirely transfer its 49.9950% asset share in Jiaxing Zhongping Guoyu Private Equity Partnership (Limited Partnership) (corresponding to a paid-in capital contribution of 500 million yuan) to Jiangsu Ruian Si Technology Co., Ltd. for a price of 500 million yuan. After the completion of this trade, the company will no longer hold any asset share in Zhongping Guoyu. This transaction does not constitute a related party transaction and does not constitute a major asset reorganization. The company's 4th Board of Directors' 27th meeting has reviewed and approved this matter, and it does not need to be submitted to the shareholders' meeting for consideration. The asset share transfer agreement signed this time is the cooperation terms reached by both parties regarding this trade, and there is still uncertainty about whether the trade can be completed.