Gelonghui September 24?002150.SZ issued an announcement that in order to meet the needs of Tongrn equipment business development and further promote the company's strategic development plan, Shanghai Zhengtai Power system Co., Ltd. (hereinafter referred to as "Zhengtai Power supply"), a subsidiary of Tongrun equipment holding company, intends to participate in the auction of real estate, ancillary facilities and equipment assets. The Seventh meeting of the eighth session of the Board of Directors and the Seventh meeting of the eighth Board of Supervisors were held on September 22, 2023 to deliberate and pass the motion on the proposed auction of assets by holding subsidiaries.

Zhengtai Power plans to participate in part of the assets of CLP Electric (Shanghai) Solar Technology Co., Ltd. (real estate and ancillary facilities in the factory area, 5999 Guang Fulin Road, Songjiang District, Shanghai), which is transferred to the Shanghai United property Exchange at a price of not less than 310 million yuan. and not less than 5.650316 million yuan to participate in the transfer of the project on fixed assets, machinery and equipment. The total amount of real estate, ancillary facilities and equipment assets to be auctioned does not exceed 350 million yuan. The company authorizes the chairman of Zhengtai Power or his designated agent to go through the relevant formalities and sign relevant contracts and legal documents.