Jiuding New Materials: The wholly-owned subsidiary has acquired 100% equity of Gansu Jiuding New Energy Development Co., Ltd.

Jiuding New Material Announcement: Recently, Gansu Jiuding New Energy Development Co., Ltd. has completed the industrial and commercial change registration procedures and obtained the revised Business License issued by the Suzhou District Market Supervision Administration. The company’s wholly-owned subsidiary, Gansu Jiuding Wind Power Composite Materials Co., Ltd., holds 100% equity of Jiuding New Energy, and Jiuding New Energy is included in the company’s consolidated financial statements.

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