Chaoxin Shares: The company signs a strategic cooperation agreement with Yiyang Energy.

Megawatt New Energy announced that the company has signed a "Strategic Cooperation Framework Agreement" and "Investment Cooperation Agreement for Low Concentration Gas Destruction and Waste Heat Comprehensive Utilization Project in Coal Mines" with Zhejiang Yiyang Energy Technology Co., Ltd. The two parties will jointly establish Megawatt Carbon Energy Technology Co., Ltd., with a registered capital of RMB 10 million. The company intends to invest RMB 5.5 million, holding 55% equity. The joint venture company will invest, construct, and operate the "Qianjiaying Coal Mine Low-Concentration Gas Utilization Project" and similar gas utilization projects, with a total investment not exceeding RMB 110 million. The agreements signed this time will not have a significant impact on the company's operating performance for the current year.