Mr. Xu Yingtong, former President of Huawei's Smart PV Business and President of its Ascend AI Computing Business, founded Sig New Energy, which submitted its prospectus to the Hong Kong Stock Exchange on February 21, 2025, seeking a listing on the Hong Kong Main Board. The International Department of the China Securities Regulatory Commission has issued a request for supplementary materials, details as follows: Please request the company to supplement and explain the following matters, and engage lawyers to verify and issue clear legal opinions: 1. Your company and its shareholders have previously had equity proxy holding arrangements (including equity held by the actual controller). Please list the names of both parties to the proxy holding, the proportion of entrusted equity, the start and end time of the proxy holding, and the method of terminating the proxy holding. In combination with the employment status of the beneficial owner during the proxy holding period, further explain the formation reasons, evolution, legality and compliance of the equity proxy holding, whether there are disputes or potential disputes, and whether the beneficial owner was a subject prohibited from holding shares under laws and regulations during the proxy holding period (including whether it violated non-compete provisions), in accordance with the relevant provisions of the *Guiding Rules for Supervision and Application – Category 2 for Overseas Issuance and Listing*. In combination with the above circumstances, explain whether the equity held by the controlling shareholder has major ownership disputes in accordance with Article 8 of the *Trial Measures for the Overseas Issuance and Listing of Securities by Domestic Enterprises*. 2. According to the filing report, your company became a global leader in the renewable energy solutions sector in 2024, two years after its establishment. Please explain the situation of the entities that the actual controller engaged in relevant businesses before the establishment of your company (if any), including the establishment, equity changes and other relevant matters of such entities, as well as the specific circumstances of your company's assumption of assets, liabilities, businesses, personnel, business premises or contracts from such entities, and whether there are major disputes. Whether such entities have the prohibited situations specified in Article 8, Paragraphs 3 and 4 of the *Trial Measures for the Overseas Issuance and Listing of Securities by Domestic Enterprises*. Whether the major domestic operating entities have had major compliance matters such as tax and debt disputes in the latest three years, and whether they constitute a substantial obstacle to this overseas issuance and listing of your company. 3. Please explain the situation of APP and other products operated by your company, whether they are open to the public, the scale of user information collected and stored, the data collection and usage status, whether there are situations of providing information to third parties, and the arrangements or measures for personal information protection and data security before and after listing. 4. Please explain whether the shares held by the proposed "full circulation" participating shareholders have any pledges, freezing or other rights defects. Sig New Energy prospectus link: https://www1.hkexnews.hk/app/sehk/2025/107134/documents/sehk25022100967_c.pdf © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd., Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting Management Co., Ltd. is the domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same ultimate beneficial owner. Both companies are under the same actual controller, the company adheres to the One China principle, and complies with the laws of Hong Kong and mainland China.