The Board announced that, on 15 August 2022, IRICO Group New Energy Company Limited and China Glass Holdings Limited entered into the Strategic Cooperation Agreement for the purchase and supply of Products with an estimated total contract amount of approximately RMB 1.0 billion (tax inclusive), the term of which will commence in September 2022 and expire in August 2025. PRINCIPAL TERMS OF THE STRATEGIC COOPERATION AGREEMENT: The principal terms of the Strategic Cooperation Agreement are set out below: Date: 15 August 2022; Parties: (1) the Company, as the purchaser (2) China Glass, as the supplier; Cooperation contents: The Company agrees to purchase the Products from China Glass on a priority basis under the same conditions, and China Glass agrees to provide the Products for the Company on a priority basis under the same conditions. The specific purchase and supply shall be subject to the subsequent purchase framework agreement and purchase order to be signed during the execution process.

Estimated contract amount: The agreed total contract amount is estimated to be approximately RMB 1.0 billion (tax inclusive). The final purchase amount will depend on the actual quantity of Products purchased and the actual prices under the orders. Term of validity: From September 2022 to August 2025.