On August 1, Suzhou GDI announced that its wholly-owned subsidiary, Suzhou Jingyin New Material Technology Co., Ltd. (hereinafter "Suzhou Jingyin"), and Suzhou Lingsheng Venture Capital Partnership (Limited Partnership) (hereinafter "Suzhou Lingsheng"), had signed an Equity Transfer Agreement. Pursuant to this agreement, Suzhou Jingyin will acquire a 35% equity interest in Suzhou Puyao Energy Technology Co., Ltd. from Suzhou Lingsheng for a sum of RMB 3.2725 million. Furthermore, Suzhou Jingyin intends to enter into a capital increase agreement with Suzhou Lingsheng and other parties to subscribe for additional newly issued shares of Suzhou Puyao, ultimately holding a total equity stake of 51% in the company. Suzhou Puyao primarily focuses on the construction of industrial and commercial distributed photovoltaic power stations, presenting promising market opportunities. This transaction aligns with Suzhou GDI's commitment to green and environmentally friendly business practices and is expected to bolster its competitive edge in the burgeoning new energy market.