On March 17, the Taibao Asset-Tianhe Fujia New Energy Infrastructure Carbon Neutral Green Holding Real Estate Asset-Backed Special Plan (Rural Revitalization), also known as the Tianhe Inter-institutional REITs, was officially listed on the Shanghai Stock Exchange. As the first inter-institutional REITs for residential distributed assets in the photovoltaic industry and the first inter-institutional REITs project to combine the three major themes of "carbon neutrality, green, and rural revitalization," this listing marks the beginning of a new journey for integrated industrial and financial development in distributed photovoltaics. Zhou Leigang, Deputy General Manager of Jiangsu Zhongqi Huazhongtian Assets Appraisal Co., Ltd., and Department Manager Mao Qiuqi were invited to participate in the listing ceremony, witnessing this important milestone moment.

Tianhe光能 Co., Ltd. (Stock Code: 688599) is a globally leading provider of integrated solar and storage smart energy solutions. The company's business covers four major sectors: photovoltaic products, energy storage operations, system solutions, and digital energy services. Its subsidiary, Tianhe Fujia Energy Co., Ltd., is a leading enterprise focused on the distributed photovoltaic power generation market. Through its "original equipment system + smart services" business model, it has cumulatively provided distributed photovoltaic power stations and full-lifecycle services to nearly 1.5 million users nationwide.

The successful listing of the Tianhe Inter-institutional REITs is a significant milestone in the deep integration of distributed photovoltaics and green finance, as well as a vivid practice of "industry + finance" empowering major national strategies. Jiangsu Zhongqi Huazhongtian Assets Appraisal Co., Ltd., serving as the appraisal institution for this innovative REITs product, contributed its due share to the successful issuance of this first-of-its-kind new energy infrastructure carbon neutral green holding REITs product, leveraging its extensive appraisal experience in the photovoltaic field, professional technical team, and forward-looking strategic vision.

The capabilities and professionalism of the Zhongqi Huazhongtian appraisal team have been recognized and positively evaluated by the client. Key appraisal personnel involved in the project included Mao Qiuqi, Liu Yangyang, Ruan Yizhou, and Wang Xiaofeng. We take this opportunity to once again extend our sincere congratulations on the successful listing of the Tianhe Fujia REITs product.