Southern Grid Energy announced that it had previously filed for bankruptcy of Sun Company Nanneng Changling Company. Recently, the Guangxi High Court issued a “Civil Ruling”, upholding the ruling that it did not accept the company's bankruptcy and liquidation application against Nanneng Changling Company. This ruling is a final ruling. Nanneng Changling Company is a holding subsidiary of its subsidiary, and production has been discontinued. This ruling will not have a significant impact on the production, operation and governance of the company's existing business. The company will follow up on matters and disclose information in accordance with regulations.

Southern Grid Energy announced that it had previously filed for bankruptcy of Sun Company Nanneng Changling Company. Recently, the Guangxi High Court issued a “Civil Ruling”, upholding the ruling that it did not accept the company's bankruptcy and liquidation application against Nanneng Changling Company. This ruling is a final ruling. Nanneng Changling Company is a holding subsidiary of its subsidiary, and production has been discontinued. This ruling will not have a significant impact on the production, operation and governance of the company's existing business. The company will follow up on matters and disclose information in accordance with regulations.