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Hubei Xinghe Electric Power New Material Co., Ltd. (hereinafter referred to as "Xinghe Shares") was established in January 2003 with a registered capital of 116.715 million yuan. Located at No. 5, Fujiang Road, Huanggang Industrial Park, Huanggang High-tech Zone, it primarily engages in the production and manufacturing of power equipment and electrical devices. Recognized as a national high-tech enterprise and a national "specialized, refined, unique, and innovative" key small giant enterprise, Xinghe Shares boasts a production plant covering an area of 280 acres. The company's total assets amount to nearly 1 billion yuan, with a sales revenue of 628 million yuan in 2024. Xinghe Shares was listed on the National Equities Exchange and Quotations (NEEQ) in August 2014, marking it as the first company from Huanggang City to be listed on NEEQ. The company's securities are referred to as "Xinghe Shares" and its securities code is 830988. The "Xinghe" brand is a renowned trademark in Hubei Province. All of its products have obtained certifications in quality management systems, environmental management systems, occupational health and safety management systems, as well as energy-saving product certifications in Hubei Province. The company boasts 14 invention patents and over 70 utility model patents, and has contributed to the drafting and formulation of one national standard, "GB/T 27676-2011 Aluminum and Aluminum Alloy Tubular Busbar," as well as two industry standards. On July 21, 2025, the company was awarded the title of provincial green manufacturing list (Green Factory) by the Hubei Provincial Department of Economy and Information Technology. The main business of the company is: 1. Manufacturing of aluminum alloy power tube busbars, insulated tube busbars, dense busbars, and enclosed busbars: The market share of aluminum alloy power tube busbars and insulated tube busbars holds a leading position in the segmented industry; specifically, aluminum alloy power tube busbars have been widely applied in domestic substation projects operating at voltages up to and including 750kV, ±800kV, 1000kV, and ±1100kV. 2. Electric power fittings manufacturing: The substation fittings have achieved seamless integration with our self-produced tubular busbars and conductors in both international and domestic substation projects, demonstrating strong compatibility and significant advantages. The line fittings have passed the qualification verification of the State Grid Corporation of China for 35-330kV and above, as well as the prequalification of suppliers for the China Southern Power Grid. Our products have been applied in more than ten 750kV substation projects and 330kV line projects in the Northwest Power Grid and Xinjiang Power Grid. 3. Manufacturing of grounding materials: Mainly including production lines for copper bars, hard copper stranded wires, soft copper stranded wires, tinned copper stranded wires, grounding copper blocks, copper rods, and other grounding materials, as well as supporting products for grounding materials. We possess complete self-supporting capabilities and strong contract fulfillment abilities. 4. Manufacturing of complete electrical switchgear: The main products include high and low voltage switchgear cabinets, energy storage equipment, and prefabricated substations. These are new products launched by the company in response to the development trend of the State Grid, gradually moving towards product integration, modularization, intelligence, and factory prefabrication. The company's business operates in an industry that is encouraged and supported by the government. The company produces a complete range of busbar and hardware products with strong comprehensive supporting capabilities, leading the industry.