Gelonghui (002543.SZ) announced on December 15, Wanhe Electric (002543.SZ) announced that in order to further optimize the resource allocation of Guangdong Wanhe Electric Co., Ltd. (“Company” or “Wanhe Electric”), based on the company's global development strategy, layout of foreign production capacity, and at the same time cooperate with the land conservation and intensive utilization work vigorously promoted by the three levels of government in Anhui Province, Hefei City and Changfeng County, and comprehensively consider the actual development and construction situation of the company's wholly-owned subsidiary Hefei Wanhe Electric Co., Ltd. (“Hefei Wanhe”). The meeting passed the “Bill on Partial Land Acquisition and Storage of Wholly-owned Subsidiaries” with 7 votes in favor, 0 against, and 0 abstentions. It was agreed that Hefei Wanhe's land use rights for 143.10 acres of industrial land located at the southwest corner of Huainan North Road and Fenglin Road in Changfeng Shuangfeng Economic Development Zone would be collected and compensated by the Anhui Changfeng (Shuangfeng) Economic Development Zone Management Committee at a total price of RMB 15.1686 million. The total transaction value of ancillary materials, land preparation and garbage removal was RMB 1,835,2199. The total price is RMB 17.00.381.19 million Yuan (hereinafter referred to as “current land acquisition and storage matters”).

On December 15, 2023, Hefei Wanhe and the Anhui Changfeng (Shuangfeng) Economic Development Zone Management Committee completed the signing procedure of the “Shuangfeng Economic Development Zone State-owned Construction Land Use Rights Collection and Storage Compensation Agreement”.