According to the Zhitong Finance APP, CORUN (600478.SH) announced that the company plans to jointly participate with Zhongchuang Xinhang Technology Group Co., Ltd. (hereinafter referred to as "Zhongchuang Xinhang") in the expansion of the Kaibo (Shenzhen) Advanced Energy Storage Innovation Industry Private Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Energy Storage Industry Fund"). The total subscribed capital of the fund will increase from RMB 402 million to RMB 1.402 billion, of which the company will increase its investment by RMB 500 million, raising its subscribed capital from RMB 200 million to RMB 700 million, and Zhongchuang Xinhang will increase its subscribed capital from RMB 200 million to RMB 700 million. Based on the actual progress of the energy storage project, the company will make actual contributions to the Energy Storage Industry Fund in phases, and Zhongchuang Xinhang will also make actual contributions in accordance with the same proportion and timeline as the company.

The company's participation in the fund expansion this time is based on the successful business model of previous investments, further expanding the fund scale, which can accelerate the company's integrated development and cultivate new economic growth points. This is conducive to further strengthening the company, continuously enhancing core competitiveness, expanding business models, optimizing profit structures, and thereby enhancing capital operation capabilities