Roan Holdings Group Co., Ltd. announced that the Company has entered into an investment cooperation agreement for a new energy storage industrial park with Jiaxing Economic and Technological Development Zone. Pursuant to the Agreement, the new energy storage industrial park (the Jiaxing Project) would consist of an innovation and research center and two manufacturing facilities for new energy storage. The total investment is expected to be RMB 5.1 billion.

Jiaxing Committee has agreed to provide certain types of support to the project, including favorable government policy support, funding support and resources. The company will be responsible for the implementation and operation of Jiaxing Project pursuant to the Agreement.