Zhutong Finance and Economics APP News, Cloud Live Technology Group (002306.SZ) announced that its wholly-owned subsidiary Cloud Live Technology Group (Gaoyou) new energy fund Technology Co., Ltd. (hereinafter referred to as 'Zhongke Gaoyou') signed a "Photovoltaic Module Production Line Lease Cooperation Agreement" with Suzhou Luneng Energy Technology Co., Ltd. (hereinafter referred to as 'Suzhou Luneng'), agreeing that Suzhou Luneng will lease two photovoltaic module production lines (capacity: 1GW/year) and related factories, warehouses, etc., including but not limited to all facilities, water and electricity, equipment, and ancillary buildings inside the factory (hereinafter referred to as the 'leased symbol') to Zhongke Gaoyou for use, the actual production capacity under the agreement is subject to the actual production and delivery of module products.

The signing of this agreement is an operational measure taken by the company to expand the module production business in conjunction with the current situation, further extending the layout of the industry chain. Specific elements such as the rental amount, payment method, payment period, etc. under the agreement will be signed separately by both parties at a later date. Subsequently, the company will accelerate specific matters such as business coordination, personnel arrangement, and fund allocation. The impact of the agreement on the company's operating results for the current year will depend on downstream customer actual purchase orders, cost control, product efficiency, and yield rate. After the smooth implementation of this agreement, it will further promote the development of the module production business and enrich the company's new energy product types.