The Xinyi Electric Storage Holdings Limited Board and the Xinyi Solar Holdings Limited Board jointly announced that the XYS Sales Framework Agreement was entered into on 8 April 2021, pursuant to which the XES Group has agreed to sell to the XYS Group, and the XYS Group has agreed to purchase from the XES Group, (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 as part of their ordinary course of businesses for a term commencing from the Effective Date and expiring on 31 December 2023. The XES Board also announces that the XYG Sales Framework Agreement was entered into on 8 April 2021, pursuant to which the XES Group has agreed to sell to the XYG Group, and the XYG Group has agreed to purchase from the XES Group, (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 as part of their ordinary course of businesses for a term commencing from the Effective Date and expiring on 31 December 2023.