On 31 December 2021 (after trading hours), Xinyi Energy and Xinyi Solar entered into the Renewal Memorandum, pursuant to which the duration of the Solar Farm
O&M Agreement will commence from 1 January 2022 for a period of three years. All other terms and conditions of the Solar Farm O&M Agreement will remain
unchanged and will continue to apply to the arrangements for the Renewal Period, mutatis mutandis.