Gelonghui, December 6 | Jiawei Xinneng (300317.SZ) announced that Jiawei (Shanghai) Photovoltaic Power Co., Ltd. (“Shanghai Jiawei”), a wholly-owned subsidiary of the company, plans to sign an “Equity Transfer Agreement” with Zhenfa New Energy Technology Co., Ltd. (“Zhenfa New Energy”) and Mozhu Power Station. The agreement stipulates that Shanghai Jiawei plans to buy 100% of the shares in the Mozhu Power Station held by Zhenfa New Energy for RMB 32 million. The transfer payment is in three installments: the first phase is 16.43 million yuan; the second phase is 5.57 million yuan; the third phase is 5.57 million yuan; the third phase is 5.57 million yuan; the third phase is 5.57 million yuan; the third phase is 5.57 million yuan; the third phase is 5.57 million yuan; the third phase is 5.57 million yuan; the third phase is 5.57 million yuan; the third phase is 5.57 million yuan; the third phase is 5.57 million yuan; The money is 10 million yuan, pending delivery for one year and The debt is offset after the relevant conditions are met.

Due to debt disputes, 100% of Mozhu Power Station's shares were successively pledged and frozen by Wuxi Financial Holdings Financial Leasing Co., Ltd. (“Wuxi Financial Holdings”) and Guangfa Financial Leasing (Guangdong) Co., Ltd. (“Guangfa Leasing”). To ensure the smooth implementation of the transaction, Shanghai Jiawei plans to take steps to complete the settlement step by step.