Chuanfa Xingneng signed the Asset Transfer Agreement with Xingxin Vanadium, Xingming Energy and Jinyu Testing

May 22, 2024

May 20, 2024，Chengdu Xinzhu Road Bridge Machinery Co., Ltd.（Hereinafter referred to as Xinzhu Shares）Holding subsidiary Sichuan Development Xingxin Vanadium Energy Technology Co., Ltd.（Hereinafter referred to as Chuanfa Xingneng）Sichuan Xingxin Vanadium Technology Co., Ltd.（Hereinafter referred to as Xingxin Vanadium）、Sichuan Xingming Energy Environmental Technology Co., Ltd.（Hereinafter referred to as Xingming Energy）、Neijiang Jinyu Testing Technology Co., Ltd.（Hereinafter referred to as Jinyu Testing）Signed in Chengdu《Asset Transfer Agreement》。Sichuan Chuanwei Group Co., Ltd（Hereinafter referred to as Chuanwei Group）Director、Wang Sizhong, Chief Investment Officer and Party Secretary of Xinzhu Co., Ltd.、Chairman Xiao Guanghui attended and delivered a speech.，Deputy Party Secretary of Xinzhu Co., Ltd.、Director、General Manager Xia Yulong presided over the signing ceremony.。Tu Li, Deputy General Manager of Chuanfa Xingneng, and Chief Engineer of Chuanwei Group、Xie Jianguo, Chairman and General Manager of Xingming Energy、Yang Xuefeng, Chairman and General Manager of Xingxin Vanadium、Signed by Chen Jun, Chairman and General Manager of Jinyu Testing《Asset Transfer Agreement》。The contract was signed by Xinzhu Shares and Xingxin Vanadium on December 15, 2023.《Joint Venture Agreement》Relevant agreement，Through this asset transfer，Chuanfa Xingneng will obtain the achievements of Xingxin Vanadium and its related parties in the field of electrolyte for many years.，Including patents related to vanadium electrolytes、Core technology、Assets such as production lines，It is beneficial for Chuanfa Xingneng to quickly establish vanadium electrolyte production.、R & D and other core competencies，Timely meet the demand for market orders，Promote the high-quality development of Chuanfa Xingneng vanadium electrolyte business。Future，Chuanfa Xingneng will give full play to the resources of shareholders.、Capital、Funds、Technology and other advantages，Strive to develop into a leading enterprise in vanadium electrolyte preparation industry in China。Zhang Chi, General Manager of Financial Center of Chuanwei Group，Head of Capital Operations、Hao Xiemin, Head of Lingyu Investment；Director of Chuanfa Xingneng、General Manager Zhong Yunqing and other company leaders；Xinzhu Stock Investment Management Department、The Operation Management Department and other relevant personnel attended the signing ceremony。