On November 6, at the 7th China International Import Expo held in Shanghai, SUN.KING Technology Group Co., Ltd. ("SUN.KING Technology") and NARI Group Co., Ltd. ("NARI Group") signed a letter of intent for cooperation in IGBT in the field of flexible DC transmission with a total amount of approximately RMB 580 million, jointly building a mutually beneficial and win-win partnership.

<span style="box-sizing: border-box; margin: 0px; padding: 0px; font-size: The signing ceremony was successfully held at the National Exhibition and Convention Center (Shanghai). Relevant leaders of NARI Group and Li Jinyan, senior vice president of SUN.KING Technology, attended the signing ceremony. The two parties signed a letter of intent for cooperation and took a group photo. Based on long-term cooperation, the two parties share resources and technical advantages in their respective fields, actively explore cooperation models for flexible direct current projects, and jointly promote project construction. The signing of this letter of intent for cooperation represents that SUN.KING Technology and NARI Group will use integrity as a bond and win-win as a goal to promote the continued development of the strategic cooperation relationship between the two parties and jointly create a grand blueprint for the development of the UHV power grid.