United Low Carbon Technology announces controlling shareholder change completed

United Low Carbon Technology announced the completion of the change in its controlling shareholder's equity structure. The Ministry of Finance transferred all of its shares in China Cinda Asset Management Co., Ltd., the company's controlling shareholder, to Central Huijin Investment Ltd. without compensation.

This change, which received formal approval from the National Financial Regulatory Administration, means that the company's actual controller has shifted from the Ministry of Finance to Huijin Company. The transfer was officially registered on September 4, 2025.

Further details regarding this transaction were previously disclosed in announcements on February 14, 2025, February 19, 2025, and May 9, 2025, available on the Shanghai Stock Exchange website. The company received notification of the completion of China Cinda's equity structure change on September 5, 2025.