Sumo: plans to establish a wholly-owned subsidiary in Switzerland with a total amount of 20 million euros.

Sanlisi Announcement: In order to further expand the energy storage market in Europe, the company plans to establish a wholly-owned subsidiary, Sanlisi Energy International Holdings Co., Ltd., in Switzerland through its overseas wholly-owned subsidiary, Sanlisi International Holdings Co., Ltd., a wholly-owned subsidiary of Hong Kong Sanlisi Co., Ltd. The total investment in this project amounts to 20 million euros.