Ningbo Energy: Transfer of 15% equity of Lingfeng Energy, a wholly-owned subsidiary, completed industrial and commercial changes.

Ningbo Energy announced that its wholly-owned subsidiary, Beilun Heat, had previously planned to publicly list and transfer 15% of the equity of Lingfeng Energy, with a listed base price of 16.0625 million yuan. After the transaction was organized by the Ningbo Property Rights Trading Center, Liao Energy became the transferee, and the final transfer price was 16.0625 million yuan. As of January 28, 2026, the transaction was completed and the transaction certificate was obtained. On March 2, the industrial and commercial change registration was completed. This transaction does not constitute a related party transaction or a major asset restructuring, and will not have a significant adverse impact on the company's finances and operations.