Harbin Electric Company Limited entered into the Products and Services Framework Agreement with Engineering Research Centre on 22 September 2023, pursuant to which the Company and Engineering Research Centre agreed to provide products and services to each other by the Company and its subsidiaries and Engineering Research Centre at fair and reasonable market prices and on normal commercial terms within the term of this agreement in accordance with the terms and conditions set out in the Products and Services Framework Agreement. In particular, in each year during the term of this agreement, the cap for the provision of products and services by the Company and its subsidiaries to Engineering Research Centre amounts to RMB150,000,000 (equivalent to approximately HKD 163,040,000); the cap for the provision of products and services by Engineering Research Centre to the Company and its subsidiaries amounts to RMB 150,000,000 (equivalent to approximately HKD 163,040,000).