On September 24, Grulonghui announced that Sungrow Power Supply (300274.SZ), a controlling subsidiary of the company, signed a partnership agreement with Shanghai Jingping Power Co., Ltd. (referred to as 'Shanghai Jingping'), Jiangxi Rise Sun Green Energy Technology Co., Ltd. (referred to as 'Jiangxi Rise Sun'), Juxin Hongyuan (Jiangsu) Private Equity Fund Management Co., Ltd. (referred to as 'Juxin Hongyuan') to jointly invest in the establishment of Taizhou Guangping Rise Jing New Energy Partnership Enterprise (Limited Partnership) (referred to as 'Taizhou Energy Fund' or 'Partnership Enterprise'). Taizhou Energy Fund has a total committed capital of 10.01 million yuan, with Sungrow Power Supply subscribing 1.5 million yuan as a limited partner with a contribution ratio of 14.9850%.

The partnership enterprise will directly or indirectly invest in distributed household photovoltaic enterprises or projects by investing in target companies, and the invested projects will acquire photovoltaic power generation equipment through operational leasing and carry out business operation through entrusted third-party operation management.