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Iceberg Cold & Heat Technology Co., Ltd.

Iceberg Hot and Cold

Harmonious Iceberg, Soaring Dreams

Iceberg Hot and Cold

News Center

NEWS CENTER

1. Report on the Change of Company Name

2020 One of the documents for the First Extraordinary General Meeting of the Year

Report on the Change of Company Name

Dear Shareholders:

To better align with the company’s development strategy, adapt to the cold-and-heat business portfolio, further strengthen brand building, enhance the Iceberg brand value, and establish an internationally renowned brand in the cold-and-heat sector, the company proposes to change its name to Iceberg Cold & Heat Technology Co., Ltd.

The company is dedicated to the heating and cooling industry. After several years of continuous R&D, validation, application, and refinement, it has developed energy solutions for both large temperature ranges and multiple temperature zones, with numerous successful implementation cases for its related technologies and products. The company possesses the technical capability to address deep-enthalpy energy challenges across large and multiple temperature ranges, and has proposed deep-enthalpy energy system solutions that deliver significant energy savings and emission reductions. The company’s “Iceberg” trademark was registered in 1997 It was recognized as a Well-Known Trademark in China in [year], and the Bingshan brand has become a renowned name in China’s refrigeration and air-conditioning industry.

2016 Since [year], the company has continuously advanced its “transformation and upgrading” strategy, upgrading its capabilities in the refrigeration sector while transitioning into the heating sector. Committed to energy efficiency in both cooling and heating, the company is leading new industry developments and creating new value for customers. Accordingly, the company’s new name—Bingshan Cooling & Heating Technology Co., Ltd.—is aligned with its core business, which will enhance the company’s brand value, facilitate the realization of its development strategy, and promote its healthy growth. At the same time, The proposed English name of the company is “ Dalian Refrigeration Co., Ltd. “Changed to” Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. ”。

The proposed change of the company name is still subject to approval by the State Administration for Market Regulation.

Please review the above report.

2020 year 1 month 16 day