On June 14, 2024, Datang Renew announced that it had signed a joint venture agreement with its wholly-owned subsidiaries Datang Renew Hong Kong and Datang Hainan to jointly establish a joint venture company to develop an energy storage project located in Wenchang City, Hainan Province. The registered capital of the joint venture company is RMB 59 million, of which Datang Renew invests RMB 23.6 million, accounting for 40%; Datang Renew Hong Kong invests RMB 14.75 million, accounting for 25%; and Datang Hainan invests RMB 20.65 million, accounting for 35%. The joint venture company will become a subsidiary of Datang Renew. According to listing rules, the highest applicable percentage for this transaction exceeds 0.1% but is below 5%, so the declaration and announcement regulations must be complied with, but the provision for exemption from independent shareholder approval is granted. The transaction does not need to be reclassified by consolidating with past transactions. Datang Renew believes that this joint venture will help promote the company's high-quality development and is in line with the national strategy for renewable energy development.

On June 14, 2024, Datang Renew announced that it had signed a joint venture agreement with its wholly-owned subsidiaries Datang Renew Hong Kong and Datang Hainan to jointly establish a joint venture company to develop an energy storage project located in Wenchang City, Hainan Province. The registered capital of the joint venture company is RMB 59 million, of which Datang Renew invests RMB 23.6 million, accounting for 40%; Datang Renew Hong Kong invests RMB 14.75 million, accounting for 25%; and Datang Hainan invests RMB 20.65 million, accounting for 35%. The joint venture company will become a subsidiary of Datang Renew. According to listing rules, the highest applicable percentage for this transaction exceeds 0.1% but is below 5%, so the declaration and announcement regulations must be complied with, but the provision for exemption from independent shareholder approval is granted. The transaction does not need to be reclassified by consolidating with past transactions. Datang Renew believes that this joint venture will help promote the company's high-quality development and is in line with the national strategy for renewable energy development.