Xinlian Electronics: Subsidiary plans to transfer all equity for 34.0584 million yuan.

New Alliance Electronics Announcement, in November 2025, the Company's subsidiary Nanjing Tuochuang Energy Service Co., Ltd. signed a "Equity Repurchase Agreement" with Yunnan Yaobangda Electric Power Engineering Co., Ltd. Yaobangda intends to repurchase all the shares held by Tuochuang Energy and reduce the registered capital. The total price for the equity repurchase is 34.0584 million yuan. After this transaction is completed, Tuochuang Energy will no longer hold any shares in Yaobangda. This transaction constitutes a related party transaction and does not constitute a major asset restructuring.