ZHEFU Holdings: The wholly-owned subsidiary is mainly engaged in the research and development, design, manufacturing, and service of large and medium-sized complete sets of hydroelectric generator units

Announcement on the abnormal fluctuations in the stock trading of ZHEFU Holdings. The company has noticed that the market has recently shown a high level of attention to the downstream hydropower project of the Yarlung Tsangpo River. The company's wholly-owned subsidiary, Zhejiang Fuchunjiang Hydropower Equipment Co., Ltd., is mainly engaged in the research and development, design, manufacturing, and service of large and medium-sized complete sets of hydraulic turbine generator units. The products cover three main types: through-flow hydraulic turbine generator units, axial-flow hydraulic turbine generator units, and mixed-flow hydraulic turbine generator units, as well as pumped storage generator units, electromechanical general contracting for hydropower projects, and general contracting projects for electromechanical equipment in power stations. As of the date of this announcement, the Yarlung project is still in the early stages of construction. This project has characteristics such as large investment scale, long construction period, and high technical requirements. The company will strictly fulfill its information disclosure obligations in a timely manner in accordance with relevant regulations based on the progress of the project. Investors are advised to pay attention to investment risks