The new power changed to no controlling shareholder and no actual controller

New Power (300152.SZ) announced that its shareholders Tianjin Tengyu Gocom Information Consulting Partners (LP) (hereinafter referred to as "Tianjin Tengyu") and its one-share-one-vote shareholders Nanchang Dayi Investment Co., Ltd. (hereinafter referred to as "Nanchang Dayi") and Fang Haiyun together held 5.86% of the Company's shares, which was close to the voting rights of the Company's first shareholder, Jin Yuan Securities Co., Ltd. (holding ratio 4.30%), and the second shareholder, Qingdao Jun Tu Investment Consulting Management Partners (LP) (holding ratio 4.21%). The other shareholders held no more than 3% of the Company's total shares. Therefore, as of now, no shareholder can decide the election of more than half of the members of the Company's board of directors through the voting rights of the Company's shares that can be actually controlled. The voting rights of the Company's shares that can be actually controlled by any shareholder cannot ensure a sufficient significant impact on the resolution of the Company's general meeting. The Company does not have a shareholder or actual controller who can actually control the Company's behavior through investment relationships, agreements or other arrangements. The Company's controlling shareholder and actual controller changed from Xuzhou Fengli and actual controller Ma Fengli to no controlling shareholder and no actual controller.

This change of control will not cause a change in the Company's main business structure, will not have a negative impact on the Company's daily operating activities; will not have a significant impact on the Company's main business and financial status; will not cause a change in the Company's management; will not affect the Company's personnel independence, financial independence and asset integrity; the Company still has a sound corporate governance structure.