Golden Open Innovation: Shareholders holding more than 5% of the shares reduce their holdings, resulting in the shareholding ratio falling to 5%.

Jin Kai New Energy announced that on March 17th, shareholder General International, holding more than 5% of the shares, reduced its stake in the company through centralized bidding trading. Before the change, General International held 100 million shares, accounting for 5.01% of the total share capital; after the change, it held 99.8632 million shares, reducing the percentage to 5.00%. This change in equity does not trigger a tender offer, will not result in a change in the company's controlling shareholder or actual controller, and will not have any adverse impact on corporate governance and ongoing operations.