The Board of Directors of China Energy Storage Technology Development Limited announced that on 2 November 2023, the Company entered into a non-legally binding strategic cooperation agreement with CSG (Shanghai) New Energy Development Company Limited. According to the Cooperation Agreement, the Company has established a strategic cooperative relationship with CSG Shanghai, where, on the basis of complying with national industrial policies and relevant requirements such as environmental protection, safety and energy conservation, the two parties plan to cooperate on the new energy application and energy storage equipment application projects in Mainland China, so as to promote the acquisition of development rights for energy storage project construction indicators, and cooperation on energy storage projects, as well as to enter into separate detailed cooperation agreements for special projects.