Beijing Qianjing Landscape Co.,Ltd announced that the company has signed the conditional agreement with returning investor Guosheng Energy Co., Ltd to issue not more than 192,857,142 A shares at an issue price of CNY 4.08 for the gross proceeds of not more than CNY 786,857,139.36 on August 9, 2023. The investor holds 51,428,572 shares of the company accounting to 8% of the company's total share capital before this issuance. The transaction has been approved in the approved at the 46th meeting of the fourth session of the Board of Directors and the 34th meeting of the fourth session of the Board of Supervisors and is subject to the company's shareholders' general meeting, relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange.

After the completion of this issuance of shares to specific subscribers, Guosheng Energy Co., Ltd will hold 301,152,969 shares of Beijing Qianjing Landscape Co.,Ltd, accounting for 36.04% of the total share capital. The share cannot be transferred within thirty-six months from the date of completion of registration. If the restricted period of the shares subscribed by investor does not comply with the regulations of the China Securities Regulatory Commission, the Shanghai Stock Exchange and other regulatory authorities, the restricted period will be adjusted accordingly in accordance with the regulations of the relevant regulatory authorities.

After the completion of this issuance, the shares increased due to reasons such as bonus shares of listed companies and conversion of capital reserves into share capital, etc., shall also abide by the above-mentioned sales restriction period arrangement. The transfer after the restricted period ends will be handled in accordance with the then effective laws and regulations and the rules of the Shanghai Stock Exchange.