Increase in electricity prices: Signing a tripartite supervision agreement to raise capital.

Changgao Electric announced at noon that the company and its wholly-owned subsidiaries, Hunan Changgao Electric Co., Ltd., Hunan Changgao Complete Electrical Equipment Co., Ltd., Hunan Changgao High Voltage Switch Co., Ltd., and Hunan Changgao Senyuan Power Equipment Co., Ltd., have set up special accounts for raising funds at Changsha Branch of China Citic Bank Co., Ltd., Changsha Wangcheng Branch of Bank of Communications Co., Ltd., Changsha Branch of Industrial Bank Co., Ltd., and Hengyang Branch of Industrial Bank Co., Ltd., and have respectively signed "Tripartite Supervision Agreement on Raising Funds" with the sponsored institution, Huatai Joint Securities Co., Ltd. The total amount of funds raised is 759 million RMB, and the net amount of funds raised is 748 million RMB. The specific account balance is 751 million RMB.