Stock code: 688299 Stock abbreviation: Changyang Technology Announcement No.: 2023-007

Ningbo Changyang Technology Co., Ltd.

Announcement on the progress of purchasing equipment, leasing plant and related transactions.

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

Basic information on 1. related transactions

On April 3, 2023, Ningbo Changyang Technology Co., Ltd. (hereinafter referred to as the "Company") held the first meeting.

The eleventh meeting of the third board of directors and the ninth meeting of the third board of supervisors reviewed and passed the "Proposal on the Company's Purchase of Equipment, Leasing of Plant and Related Transactions." Due to the needs of business development, the company plans to purchase 20 million square meters of photovoltaic packaging film equipment from Zhejiang carbon view Technology Co., Ltd. (hereinafter referred to as "carbon view technology") with its own funds through its wholly-owned subsidiary (to be newly established), and lease its plant for one year. Mr. Jin Yadong, the controlling shareholder, actual controller and chairman of the company, is the controlling shareholder, actual controller and,

Executive Director, the above transactions constitute connected transactions. For details, please refer to the company's April 4, 2023

Announcement on Purchase of Equipment, Leasing of Plant and Related Transactions (Announcement No. 2023-006) disclosed on the website of the Shanghai Stock Exchange.

2. progress

Basic information on newly established wholly-owned subsidiaries in (I)

Recently, the company's newly established wholly-owned subsidiary Zhejiang Changyang Technology Co., Ltd. (hereinafter referred to as "Zhejiang Changyang") has completed the registration procedures for the establishment of the Market Supervision Administration and obtained a business license.

Company Name Zhejiang Changyang Technology Co., Ltd.

Business Type Limited Liability Company

Legal Representative Rong Xueliang

Registered capital 100 million yuan

Date of Establishment 3 April 2023

General projects: new material technology research and development; new material technology promotion services; new energy technology research and development.

photovoltaic equipment and components manufacturing; photovoltaic equipment and components sales; electronic special materials manufacturing.

manufacturing; sales of electronic special materials; research and development of electronic special materials; manufacturing of plastic products; plastic products

Business scope sales; plastic processing special equipment manufacturing; plastic processing special equipment sales; synthetic materials manufacturing.

(excluding hazardous chemicals); sales of synthetic materials; technical services, technical development, technical consulting,

Technology exchange, technology transfer, technology promotion; business management consulting (except for items subject to approval by law

In addition, with a business license in accordance with the law to carry out business activities).

Shareholding Structure Company Shareholding 100

(II) equipment purchase and sale contract signed

On April 14, 2023, Zhejiang Changyang, a wholly-owned subsidiary, and Carbon View Technology signed the Procurement and Installation Agreement.

The subject of the contract is an annual output of 20 million square meters of photovoltaic packaging film equipment, including 2 production lines, 1.

The transaction price of the test line and its ancillary equipment is 18.3355 million yuan (including tax). The delivery date of the above equipment assets is

April 14, 2023.

(III) house lease contract signed

On April 14, 2023, Zhejiang Changyang, a wholly-owned subsidiary, entered into a "lease contract" for the plant with Carbon View Technology.

The leased factory building is located at No. 999, Free Trade Avenue, Beichan Township (Comprehensive Protection Zone), Dinghai District, Zhoushan City, China (Zhejiang) Pilot Free Trade Zone. Due to the business needs of carbon view technology other than photovoltaic film, after negotiation with the company, the rental area was reduced to 41,509.32 square meters, and the rent of the corresponding plant was adjusted to 7.0556 million yuan/year (including tax). Rent

The lease term is from April 14, 2023 to April 13, 2024, and the lease term is 1 year.

It is hereby announced.

Board of Directors of Ningbo Changyang Technology Co., Ltd.

April 15, 2023