Puli Photosynthetic New Energy is not a state-owned enterprise. Puli Photosynthetic New Energy is a private enterprise, and there are no state-owned shares in the shareholder structure chart, all of which are composed of private shareholders, so Puli Photosynthetic New Energy is not a state-owned enterprise. Puli Photosynthetic New Energy (Liaoning) Co., Ltd. was established on July 22, 2022, with its registered place at Minshang Headquarters Building 12-e, No.5 Beizhan Road, Shenhe District, Shenyang City, Liaoning Province, and its legal representative is Sun Jie. The business scope includes licensed projects: power generation business, power transmission business, power supply (distribution) business, installation, maintenance and testing of power transmission, power supply and power receiving facilities, construction projects and real estate development and operation (projects subject to approval according to law can only be operated after approval by relevant departments, and the specific business projects shall be subject to the approval results). We are committed to the research and development, production and sales in the field of solar photovoltaic, so Puli Photosynthetic New Energy is not a state-owned enterprise.