Jolywood(Suzhou)Sunwatt forecasts significant 2026 related party transactions

Jolywood(Suzhou)Sunwatt has approved an estimated 72 million yuan in daily connected transactions for 2026, primarily for electricity purchases from Zhejiang ZN Energy Services Co., Ltd. This estimate follows actual electricity transactions of 3,599.57 million yuan from January to November 2025. The company’s wholly-owned subsidiary, Jiangsu Jolywood New Materials Technology Co., Ltd., also plans to sign a procurement framework contract for photovoltaic steel frames with Changshu Zhongjian Metal Industrial Co., Ltd., with a maximum value not exceeding 4,570.36 million yuan.

These transactions are deemed normal business activities, with pricing determined by competitive negotiation and reference to market rates, ensuring fairness and transparency. Both sets of transactions have been reviewed and approved by the company’s Fifth Board of Directors and the Ninth Special Meeting of Independent Directors. The board confirmed that these arrangements are necessary for the company’s production and operations, will not lead to over-reliance on related parties, and will not negatively impact the company's financial health, operating results, or independence.