XES Group and the XYS Board jointly announce that the 2023 XYS Sales Framework Agreement was entered into on 31 October 2023 (after trading hours), pursuant to which the XES Group will continue to supply to the XYS Group the Electric Storage Products as part of their ordinary course of businesses for a term of three years commencing on 1 January 2024 and expiring on 31 December 2026. The XES Board and the XYG Board jointly announced that the 2023 XYS sales Framework Agreement was entered into on December 31, 2023 (after trading hours, pursuant to which the XES group will continue to supply to the XYG Group the Electric Storage Products as parts of their ordinary course of businessesfor a term of three years commences on 1 January 2024 and expires on 31 December 2026. "2021 XYG Sales Framework Agreement" means the product sales framework agreement dated 8 April 2021 entered into between Xinyi Glass (Hong Kong) and Xinyi Electric Storage for the sales of the Electric Storage Products by the XES Group to the XYS Group, which will expire on 31 December 2023; "2023 XYS Sales, Framework Agreement", means the product sales framework agreement dates 8 April 2021 entered into betweenXinyi Solar and Xinyi Electric Storage For the sales of the Electric Storage products by the XES Group to The XYS Group to the XYS Group;, "Annual Caps", means the XYG Annual Caps and the XYS Annual Caps;, "ass associate(s)", has the meaning ascribed to it under the Listing Rules and the GEM Listing Rules; "Electric Storage Products", refers to (a) lithium battery packs; (b) direct-current lithium battery systems; (c) uninterruptible power supply lithium battery systems; (d) lithium battery energy storage systems; and (e) other lithium battery products to be supplied by the XES Group tothe XYS Group and the XYG Group under the 2023 Sales Framework Agreements;, "GEM", refers to The Growth Enterprise Market of The Stock Exchange of Hong Kong Limited; "GEM", refers to the Growth Enterprise Market of The Stock exchange of Hong Kong Limited; 'GEM Listing Rules", means The Rules Governing the Listing of Securities on GEM of Hong Kong Limited; "Hong Kong" means The Hong Kong Special Administrative Region of the People's Republic of China; "Hong Kong dollars" or "HK$", refers to Hong Kong dollars, the lawful currency of Hong Kong; "XES Controlling Shareholders", means the controlling shareholders (as such term is defined under the GEM Listing Rules) of Xinyi Electric Storage, namely, Dr. LEE Yin Yee, S.B.S.B.S.