Minglida: Terminate Investment in the Zhaoqing New Energy Key Components Intelligent Manufacturing Project

Minglida Announcement: Due to the increasing uncertainty in the global economy in 2024 and 2025, as well as market volatility and other factors, based on the company’s assessment of the market environment and strategic development adjustments, in order to better integrate the company’s existing resources, optimize resource allocation, and reduce investment risks, the company’s subsidiary Zhaoqing Minglida and the Zhaoqing High-tech Zone Management Committee have reached a consensus to terminate the implementation of the first and second phases of the new energy key component intelligent manufacturing projects. Both parties agree to terminate the “Phase One Project Investment Contract” and the “Phase Two Project Investment Contract.”