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4. Proposal Regarding the “Report on the Major Asset Acquisition and Related Party Transaction of BingShan Cold & Heat Technology Co., Ltd. (Draft)” and Its Summary

2022 Document No. 4 of the Second Extraordinary General Meeting of the Year

Proposal Regarding the “Report on the Major Asset Acquisition and Related Party Transaction of Bingshan Cold & Heat Technology Co., Ltd. (Draft)” and Its Summary

Dear Shareholders:

In accordance with the Company Law of the People’s Republic of China, the Securities Law of the People’s Republic of China, the Measures for the Administration of Major Asset Restructuring of Listed Companies, and Standard No. 26 on the Content and Format of Information Disclosure by Companies Issuing Securities to the Public—Major Asset Restructuring of Listed Companies, as well as other relevant laws, regulations, and normative documents, the Company has prepared the “Draft Report on the Major Asset Purchase and Related Party Transaction of Bingshan Cold & Heat Technology Co., Ltd.” and its summary in connection with this major asset purchase and related party transaction.

The “Draft Report on the Major Asset Acquisition and Related Party Transaction of Bingshan Refrigeration Technology Co., Ltd.” and its summary were officially disclosed on September 27, 2022. In response to feedback from the Shenzhen Stock Exchange, the “Revised Draft Report on the Major Asset Acquisition and Related Party Transaction of Bingshan Refrigeration Technology Co., Ltd.” was subsequently disclosed on October 26, 2022. No further reading of these documents will be conducted at this meeting.

Please review the above report.

2022 November 1st, Year