Citic heavy Industry: plans to establish a joint venture with CITIC Daika and other partners to establish heavy Industry Daika New Energy Co., Ltd.

[Citic heavy Industry: plans to establish a Joint Venture with CITIC Daika and other partners to set up a heavy Industry Daika New Energy Company]. Citic heavy Industry announced that it intends to set up heavy Industry Daika (Luoyang) New Energy Development Co., Ltd. with its own funds, with a capital contribution of 10.5 million yuan and a shareholding of 35%.