South Huiton Co., Ltd. announced that it has entered into Strategic Cooperation Agreement and Subscription Agreement with CHINA ENERGY LONGYUAN ENVIRONMENTAL PROTECTION CO., LTD. and returning investor CRRC Industrial Investment Co., Ltd. for the issue of 25,000,000 Shares each at a subscription price of CNY 8.15 per Share for the gross proceeds of CNY 407,500,000 on September 15, 2021. The securities have lock up period of 36 months from the date of completion of the Non-public Issuance. The transaction has been approved in the 30th Meeting of the Company’s 6th Directorate and the 14th Meeting of the 6th Supervisory Board and is subject to the approvals of CRRC Group Co., Ltd., the Company’s Shareholders, and the China Securities Regulatory Commission.