Oriental Gardens: Intends to purchase equity of two companies with cash, the transaction is progressing in an orderly manner.

The Oriental Garden announced that the company and its wholly-owned subsidiaries intend to purchase 100% equity of Haicheng Ruihai and 80% equity of Beijing Electric's Ruixiang new energy with cash, both held by the New Energy Management Center. This is expected to constitute a major asset restructuring. On December 16, 2025, the company's board of directors has approved the related proposal. As of the disclosure date of the announcement, the New Energy Management Center has obtained the qualification to acquire Haicheng Ruihai, and audit, evaluation, and other work is underway. The transaction plan is being negotiated. This transaction still requires further review and approval by the board of directors and submission to the shareholders' meeting, having some uncertainties.