Reserved Announcement Title 1 Project Name Wuxi Xinlian Thermal Power Co., Ltd. Partial Assets (Scrapped Heating Pipeline Batch) Project Number WXCQZ25045-22 Transfer Approval Status Wuxi Xinlian Thermal Power Co., Ltd. Internal Decision 3 Listing Date Listing Start Date: May 6, 2025 Listing Termination Date: May 12, 2025 Transferor Name Wuxi Xinlian Thermal Power Co., Ltd. Control of Development Subject Matter Overview According to Subcontracting Situation The subject assets of this transfer are a batch of scrapped pipeline assets belonging to Wuxi Xinlian Thermal Power Co., Ltd., which have been scrapped for the relocation and demolition of the pipeline network of the Keyun Road (Yunzhou Road Xuemei Road) and Minshan Road thermal upgrading and renovation projects. Please refer to Attachment 1: "Asset List" for details. The quantities in the Asset List are for reference only, and the underlying assets are based on their current status. 5. Asset Evaluation Status Evaluation Institution Wuxi Huaxia Zhongcheng Asset Evaluation Real Estate and Land Appraisal Co., Ltd. 6. Evaluation Report No. XiHuaxia Pingbao Zi (2025) No. 14, XiHuaxia Pingbao Zi (2025) No. 17 7. Evaluation Approval (Filing) Unit -8. Evaluation Benchmark Date: March 199, 2025. The evaluation value of the transfer subject (in 10000 yuan) is 33.71515. Special Matters Explanation: 1. In this asset disposal and transfer, the transferor does not guarantee the integrity and quality of the assets within the transfer scope, and the actual physical condition on site shall prevail. The intended transferee has the right and obligation to conduct a comprehensive understanding of the underlying assets during the listing announcement period. Once the transfer application is submitted, it indicates that they have fully understood and recognized the status and relevant agreements of the subject matter, voluntarily accepted all the current status and defects of the transfer subject matter, and are willing to bear all responsibilities and risks. After becoming the ultimate transferee, they shall not refuse to accept the subject assets or refuse to pay the price on the grounds of not understanding the status of the subject matter and defects in asset quality or quantity, otherwise it will be deemed a breach of contract. 2. Attachment 1 "Asset List" of this announcement is for reference only by the intended transferee and shall not be used as a basis for transfer. The transfer content of the transferee shall be subject to on-site sample inspection. Once confirmed as the transferee, the transferee shall not charge additional fees or adjust the final transaction price to the transferor due to discrepancies between the contents of the attached list and the actual situation. 3. The evaluation value of the subject matter of this transfer has taken into account the deduction of relevant lifting and handling costs. Therefore, the transfer price includes the cost factors of lifting, transportation, and insulation cotton disposal. The intended transferee's quotation should consider all foreseeable and unforeseeable costs required to complete the asset disposal and transportation project, including but not limited to labor costs, material costs, machinery costs, water and electricity costs, measure costs (including but not limited to safety and civilized construction measure costs, transportation road reinforcement, protection, repair costs, surrounding buildings, greening, municipal public facility protection costs), management fees, regulatory fees, taxes, and expected reasonable profits. 4. The transferor shall handle the asset transfer procedures with the transferee within 5 working days after the transferee pays the transaction price and project implementation guarantee deposit. After that, the transferee shall be responsible for the integrity and all risks of the assets. Due to the non commencement of the relocation project, the transfer work of the Minshan Road pipeline needs to be postponed. The commencement date shall be subject to the notification of the transferor. To ensure the smooth progress of the project, the transferor sets a project implementation guarantee of 100000 yuan for the transferee