The Relationship between Xindong Energy and Xinwangda

Xindong Energy is a subsidiary of Xinwangda. Shenzhen Xindong Energy Technology Co., Ltd. was established on June 8, 2020, and its address is located at the fourth floor of Yongyihe Industrial Factory, Shuitian Road, Shilong Community, Shiyan Street, Baoan District, Shenzhen. Xinwangda Electronics Co., Ltd., as a major shareholder, holds 60% of the shares, and it also holds other companies, among which Xindong Energy is one of its subsidiaries.