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Iceberg Cold & Heat Technology Co., Ltd.

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7. Report on the Company’s Estimated Routine Related-Party Transactions for the Year 2021

2020 Document No. 7 of the Annual General Meeting

Report on the Company’s Estimated Routine Related-Party Transactions for the Year 2021

Dear Shareholders:

2020 In the year, the total amount of routine related-party transactions between the Company and its affiliates was RMB 433.42 million. Specifically, the Company purchased complete project support products from affiliates for RMB 129.84 million and sold supporting components to affiliates for RMB 303.58 million.

Based on the 2020 routine related-party transactions and in conjunction with the 2021 business plan, the Company expects the total amount of routine related-party transactions for the full year 2021 to be approximately RMB 690 million, including approximately RMB 263 million for the procurement of complete-set project supporting products from related parties and approximately RMB 427 million for the sale of supporting components to related parties.

To ensure clarity in the voting on the proposal and to facilitate the effective recusal of related directors, the projected routine related-party transactions for 2021 are hereby itemized by category of related party. This proposal shall be divided into separate sub-proposals for voting, with the voting categories as follows:

Unit: ten thousand yuan