Jinjiang 100MWh Industrial & Commercial Solution

On May 8, 2020, the Fujian Energy Regulatory Office issued China's first independent energy storage power station business license (power generation category) to Jinjiang Mintou Power Energy Storage Technology Co., Ltd., a subsidiary of Fujian Investment Group. This milestone granted the Jinjiang Tonglin Energy Storage Power Station a legal identity to participate in the power market, marking the transition of China's large-scale lithium-ion energy storage from the demonstration phase of the 13th Five-Year Plan to large-scale commercial operation under the 14th Five-Year Plan.