Tranche Update on Changgao Electric Group Co., Ltd.'s Equity Buyback Plan announced on February 8, 2024.

Changgao Electric Group Co Ltd, formerly Hunan Changgao High Voltage Switchgear Group Co Ltd, is a China-based company principally engaged in the research and development, production and sales of electric transmission and transformation equipment. The Company operates five segments. Sales of Power Transmission Equipment segment is engaged in the sales of primary and secondary equipment for power transmission and transformation, including high voltage disconnect switches (DS), gas insulated switchgear (GIS), circuit breakers (CB), complete switchgear, and ring main unit, among others. New Energy Vehicle segment is engaged in parts sales and operation services. Power Engineering and Design segment provides engineering design, construction, general contracting and related planning consulting services for power transmission and transformation projects and new energy power generation projects. Photovoltaic Power Generation Business segment is engaged in the operation of solar power plants.