Haixin Energy's indirect controlling shareholder changes hands

Beijing Haixin New Energy Technology Co., Ltd. (the Company) has confirmed the completion of an equity transfer involving its indirect controlling shareholder. Beijing Haixinzh Low-carbon Technology Development Co., Ltd. (Haixinzh), the Company's direct controlling shareholder, had 100% of its equity transferred from Beijing Haidian District State-owned Assets Investment Group Co., Ltd. (Haigoutou Group) to Beijing Guangyu Fangyuan Commercial and Trade Co., Ltd. (Guangyu Fangyuan). This transfer was formalized by a "Decision on Not Implementing Further Review of Concentration of Undertakings" from the State Administration for Market Regulation.

This transaction was previously announced by the Company on October 16, 2025, and November 18, 2025. Following the completion, Guangyu Fangyuan now serves as the Company's indirect controlling shareholder. The Company's direct controlling shareholder remains Haixinzh, and its ultimate actual controller remains the Beijing Haidian District People's Government State-owned Assets Supervision and Administration Commission.

Haixinzh was established on September 13, 2021, with a registered capital of RMB 8,000m. It is a limited liability company whose business scope includes energy-saving technology promotion, technology services, economic and trade consulting, and enterprise management.