Third Quarterly Report 2022

Stock code: 688348 Stock abbreviation: YuNeng Technology.

Yuneng Technology Co., Ltd.

Third Quarterly Report 2022

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

Important Content Tips:

The Board of Directors, the Board of Supervisors and the Directors, Supervisors and senior management of the Company ensure that the contents of the quarterly reports are true, accurate and complete,

There are no false records, misleading statements or material omissions, and we assume individual and joint legal responsibility.

The head of the company, the person in charge of accounting and the head of the accounting organization (the accounting officer) ensure that the financial statements in the quarterly report are

The information is true, accurate and complete.

Whether the third quarter financial statements are audited

□ Yes √ No

1. Key Financial Data

(I) key accounting data and financial indicators

Unit: Yuan Currency: RMB

Beginning of the reporting period to the reporting period

Project The reporting period is compared with the same period last year from the beginning of the previous year to the end of the reporting period.

Increase or decrease in the period Change range

Dynamic range (%) (%)

Operating income 430,445,382.86 184 927,874,368.75 120.20

124,011,332.82 attributable to shareholders of listed companies 475.84 252,814,066.94 337.50

Net profit

Attributable to shareholders of listed companies

Net 114,058,430.08 net of non-recurring gains and losses 440.67 239,343,247.60 338.65

Profit

Third Quarterly Report 2022

Cash flow from operating activities Not applicable Not applicable -8,286,521.16 -119.37

Volume Net

Basic EPS (RMB/1.55 331.84 3.79 294.79

unit)

Diluted earnings per share (RMB/1.55 331.84 3.79 294.79

unit)

Weighted average return on net assets 3.52 decrease 5.28 17.64 decrease by 8.42

(%) percentage points

Total R & D Investment 12,401,887.22 36.37 35,560,632.08 55.75

R & D investment as a 2.88 of operating income increased 2.55 3.83 decreased by 1.59

Percentage (%) percentage points

Ratio at the end of the reporting period

Increase or decrease at the end of the previous year at the end of the reporting period

Range of change (%)

Total Asset 4,413,206,015.13 627,163,776.55 603.68

3,586,694,255.52 291,866,467.05 attributable to shareholders of listed companies 1,128.88

Owner's equity

Note: "This reporting period" refers to the period from the beginning of this quarter to the end of this quarter, the same as below.

(II) non-recurring profit and loss items and amounts

Unit: Yuan Currency: RMB

Item Description of the amount of this reporting period from the beginning of the year to the end of the reporting period.

Loss on disposal of illiquid assets 18,014.26 18,014.26

Benefit

ultra vires approval, or no formal

APPROVAL DOCUMENT, OR INCIDENT

of tax rebates, deductions

Government included in current profit and loss

grants, but with the company normal

Business operations are closely related,

Compliance with national policies and 4,399,123.92 7,142,325.44

According to a certain standard quota or

Quantitative Continued Enjoyment of Government

Except for grants

Non-profit included in the current profit and loss.

Funds received by financial enterprises

Occupation fee

Enterprises acquire subsidiaries, affiliates.

Operating enterprises and joint ventures.

The investment cost is less than the investment obtained.

Third Quarterly Report 2022

Capital shall be entitled to a single investment.

Identifiable net assets fair

Value-generated gains

Loss on exchange of non-monetary assets

Benefit

Entrusting others to invest or manage

Gains and losses on assets

due to force majeure factors, such

Accrual for natural disasters

Provision for impairment of various assets

Gains and losses on debt restructuring

Corporate restructuring costs, such as Ann

Expenditure, integration of employees

Expenses, etc.

The transaction price is not fair.

Transactions arising in excess of fair

Gains and losses on the value component

Business combination under common control

Generated Subsidiary Beginning of Period

Net gain or loss for the period at the date of consolidation

Normal business with the company

Irrelevant contingencies

The profit and loss

Except for the normal business operations of the same company.

Effective hedging related to the business.

Outside the value business, holding transactions

Financial assets, derivatives

Financing assets, trading finance

Liabilities, derivative financial liabilities

8,895,708.66 of 7,667,063.76 arising from changes in fair value

gains and losses, and disposal transactions

Financial assets, derivatives

Financing assets, trading finance

Liabilities, derivative financial liabilities

and other debt investments acquired

The investment income

Individually tested for impairment

Receivables, contract assets

Reversal of impairment provision

Foreign entrusted loans obtained

Profit and loss

The fair value model is used.

The investment nature of the subsequent measurement of the line.

Third Quarterly Report 2022

Changes in fair value of real estate

Gains and losses arising

Under the law of taxation, accounting, etc.

The requirements of laws and regulations are right when

A one-time adjustment to the profit and loss of the period.

The effect of the whole on the current profit and loss.

Trusteeship acquired by fiduciary operation

Fee income

In addition to the above -181,879.12 -162,513.31

his non-operating income and expenses

Other non-recurring losses

Profit and loss items defined as equity

Less: Income tax impact 1,949,422.22 2,422,819.00

Minority Interest Shadow -2.14 -103.29

Response (after tax)

Total 9,952,902.74 13,470,819.34

Explanation of the definition of non-recurring profit and loss items as recurring profit and loss items listed in the Explanatory Announcement No. 1 on Information Disclosure of Companies Issuing Public Securities-Non-recurring Profit and Loss

□ Applicable √ Not applicable

The circumstances and reasons for the changes in the main accounting data and financial indicators of the (III).

√ Applicable □ Not applicable

Project name change ratio (%) Main reasons

Operating income_184.39 in the reporting period are mainly due to the Company's overseas inverters during the reporting period

Increase in sales revenue

Operating income from the beginning of the year to the 120.20 of the reporting period mainly consists of the Company's overseas inverters during the reporting period.

Increase in sales revenue at the end of the year

The main inverter attributable to the shareholders of the listed company is the domestic inverter of the company during the reporting period.

Net profit-The rapid growth of the 475.84 business during the reporting period and the increase in profitability.

To

The main inverter attributable to the shareholders of the listed company is the domestic inverter of the company during the reporting period.

Net profit_yearFrom the beginning of the reporting period to the end of the reporting period, the 337.50 business grew rapidly and the level of profitability rose.

To

The main factors attributable to the shareholders of the listed company are the domestic inverters of the company during the reporting period.

The net 440.67 business, net of non-recurring gains and losses, grew rapidly and the level of profitability rose.

Profit_this reporting period

The main factors attributable to the shareholders of the listed company are the domestic inverters of the company during the reporting period.

The net 338.65 business, net of non-recurring gains and losses, grew rapidly and the level of profitability rose.

Profit_from the beginning of the year to the end of the reporting period.

Cash flow from operating activities -119.37 is mainly due to the company's purchase of raw materials during the reporting period.

Net volume_Increase from beginning to end of reporting period

Report for the third quarter of 2022

Basic earnings per share_The 331.84 in the reporting period was mainly attributable to the listing of the company during the reporting period.

Increase in net profit of shareholders of the company

Basic earnings per share_From the beginning of the year to the 294.79 of the report is mainly attributable to the listing of the company during the reporting period.

Increase in net profit for shareholders of the Company at the end of the reporting period

Diluted earnings per share_The 331.84 in the reporting period was mainly attributable to the listed company during the reporting period.

Increase in net profit of shareholders of the company

Diluted earnings per share from the beginning of the year to the 294.79 of the reporting period is mainly attributable to the listing of the company during the reporting period.

Increase in net profit for shareholders of the Company at the end of the reporting period

The 36.37 in research and development investment in the reporting period was mainly due to the increase in the company's research and development projects during the reporting period.

Plus

The 55.75 from the beginning of the year to the reporting period was mainly due to the increase in the company's research and development projects during the reporting period.

Last addition

The total asset 603.68 is mainly due to the net 30.37 of IPO funds raised.

Due to the increase in assets

The 1,128.88 attributable to shareholders of listed companies is mainly due to the increase in net assets of IPO shares.

Due to owner's equity

Report for the third quarter of 2022

2. shareholder information

The total number of (I) common shareholders and the number of preferred shareholders whose voting rights have been restored and the shareholding of the top ten shareholders.

Unit: Unit

Total number of common shareholders at the end of the reporting period 4,604 Total number of preferred shareholders whose voting rights were restored at the end of the reporting period (if any) 0

Top 10 Shareholders' Shareholdings

Pledge, mark or freeze

Name of shareholder Number of shares held by shareholders Proportion of shares held with limited sales conditions including transfer of shares lent

Nature (%) Number of shares Number of restricted shares

Number of Share Status

LING ZHIMIN (Ling Zhimin) Overseas Natural Person 11,592,537 14.49 11,592,537 11,592,537 No 0

Tiantong High-tech Group Co., Ltd. Domestic Non-State-owned Legal Person 10,969,739 13.71 10,969,739 10,969,739 No 0

LUO YUHAO (Luo Yuhao) Overseas Natural Person 9,887,931 12.36 9,887,931 9,887,931 No 0

The 7,144,037 8.93 of natural persons in Gaolimin is 7,144,037 7,144,037 none 0

Pan Jianqing's natural person 6,167,319 7.71 6,167,319 6,167,319 no 0

Jiaxing Huineng Investment Management Partnership (Limited Partnership) Other 3,336,418 4.17 3,336,418 3,336,418 None 0

Hangzhou Huarui Jiayin Equity Investment Partnership (Limited Partnership) Other 2,535,211 3.17 2,535,211 2,535,211 None 0

Jiaxing Huiying Investment Management Partnership (Limited Partnership) Other 1,987,697 2.48 1,987,697 1,987,697 None 0

Hangzhou Shilan Holding Co., Ltd. Domestic Non-State Legal Person 1,433,571 1.79 1,433,571 1,433,571 No 0

Haining Industrial Investment Group Co., Ltd. (SS) State-owned Legal Person 1,267,605 1.58 1,267,605 1,267,605 None 0

Report for the third quarter of 2022

Shareholdings of the top 10 unrestricted shareholders

Type and number of shares

Name of shareholder Number of shares held with unlimited conditions of sale

Types of shares

National Social Security Fund 416 Portfolio478,403 RMB ordinary shares 478,403

Bank of China Limited-Haifutong Stock Mixed 394,318 RMB Ordinary 394,318

securities investment fund

Agricultural Bank of China Limited-Fuguo Interconnection Branch 345,558 RMB Common Stock 345,558

Technology Stock Investment Fund

Industrial and Commercial Bank of China Limited-Hua An Reverse Policy 339,945 RMB Common Stock 339,945

Slightly mixed securities investment fund

Bi Shuzhen 328,008 RMB Ordinary Shares 328,008

Bank of China Limited-Hua An Research ZhiXuan Mixed 314,075 RMB Common Stock 314,075

combined securities investment fund

China Construction Bank Corporation Limited-Wells Fargo Long-Term 283,262 RMB Common Stock 283,262

long mixed securities investment fund

China Construction Bank Corporation Limited-Great Wall Industry Round 269,013 RMB Ordinary Shares 269,013

Flexible allocation of hybrid securities investment funds.

Industrial and Commercial Bank of China Limited-Wells Fargo Growth Strategy 268,982 RMB Common Stock 268,982

Slightly mixed securities investment fund

China Construction Bank Corporation Limited-GF Growth Precision 263,000 RMB Ordinary Shares 263,000

Selection of hybrid securities investment funds

Third Quarterly Report 2022

1. Ling Zhimin and Luo Yuhao are acting in concert and are the actual controllers of the company;

2. Pan Jianqing holds 63.75 per cent of the shares of Tiantong High-Tech Group Co;

3, Haining City Industrial Investment Group Co., Ltd. (SS) holds 9.62 of the shares of Tiantong High-tech Group Co., Ltd;

Description of the above-mentioned shareholders' affiliation or concerted action 4. Ling Zhimin holds a 1.02 per cent share of the property of Jiaxing Huiying Investment Management Partnership (Limited Partnership);

5. Agricultural Bank of China Co., Ltd.-Wells Fargo Internet Technology Equity Securities Investment Fund and China Construction Bank Co., Ltd.-Wells Fargo

Fund management of the Term Growth Hybrid Securities Investment Fund, Industrial and Commercial Bank of China Limited-Wells Fargo Growth Strategy Hybrid Securities Investment Fund

Per capita is Wells Fargo Fund Management Co., Ltd.

In addition, the company does not know the relationship or concerted action between the other top ten shareholders.

Top 10 Shareholders and Top 10 Unlimited Shareholders Participate

Description of the financing and financing business (if no.

Yes)

Third Quarterly Report 2022

3. other reminders

Other important information about the Company's operations during the reporting period that investors need to be reminded

□ Applicable √ Not applicable

4. Quarterly Financial Statements

(I) audit opinion type

□ Applicable √ Not applicable

(II) financial statements

Consolidated Balance Sheet

30 September 2022

Prepared by: Yuneng Technology Co., Ltd.

Unit: Yuan Currency: RMB Audit Type: Unaudited

Project 30 September 2022 31 December 2021

Current assets:

monetary fund 2,663,093,401.44 219,568,885.13

Settlement provision

Demolition of funds

584,654,072.75 of trading financial assets

Derivative financial assets

Notes receivable

Accounts receivable 330,616,572.85 159,535,763.74

Receivables financing 1,841,367.89

Prepayment 17,163,170.59 5,912,416.85

Premiums receivable

Reinsurance accounts receivable

Reinsurance contract reserves receivable

Other receivables 1,126,930.41 766,062.56

Including: interest receivable

Dividends receivable

Buy back financial assets

Inventory 641,103,832.58 177,745,514.58

Contract assets

Assets held for sale

Non-current assets due within one year 47,871.73 46,454.23

Other current assets 96,334,518.74 28,480,410.78

Total current assets 4,335,981,738.98 592,055,507.87

Third Quarterly Report 2022

Non-current assets:

Issuance of loans and advances

Debt investment

Other debt investments

Long-term receivables 155,718.75 205,616.44

Long-term equity investment

Investment 17,749,500.00 in other equity instruments

Other non-current financial assets

Investment property

fixed asset 35,152,521.10 24,008,365.76

Construction in progress 2,205,018.90

productive biological assets

Oil and gas assets

2,740,953.74 of right-of-use assets 699,302.40

6,662,338.49 7,315,671.95 of Intangible Assets

Development Expenditure

Goodwill

2,921,545.54 of long-term deferred expenses

Deferred income tax assets 7,486,347.98 2,879,312.13

Other non-current assets 2,150,331.65

Total non-current assets 77,224,276.15 35,108,268.68

Total Assets 4,413,206,015.13 627,163,776.55

Current liabilities:

Short-term borrowing 50,134,958.3345,064,243.06

Borrowing from the Central Bank

Demolition of funds

Trading financial liabilities 3,807,680.97 177,581.64.

Derivative financial liabilities

Notes Payable 173,134,000.00 64,446,000.00

Accounts Payable 453,057,809.13 142,437,658.67

Receipts in advance

Contract liability 9,995,193.11 2,991,208.54

Sale and repurchase of financial assets

Absorption of deposits and interbank deposits

AGENT SECURITIES

Agency underwriting of securities

14,351,164.04 14,060,158.69 of employee compensation payable

Taxes payable 51,166,769.91 16,275,069.58

Other payables 1,058,440.12 505,027.91

Including: interest payable

Dividends payable

Handling charges and commissions payable

Third Quarterly Report 2022

Reinsurance accounts payable

Liabilities held for sale

1,822,307.80 of non-current liabilities due within one year 236,139.96

Other current liabilities 300,391.60 884,738.49

Total current liabilities 758,828,715.01 287,077,826.54

Non-current liabilities:

Reserves for insurance contracts

Long-term borrowings

Bonds payable

Including: preferred shares

Perpetual debt

Lease liabilities 317,216.42 463,011.63

Long-term payables

Long-term employee compensation payable

Estimated liability 37,625,767.82 24,049,545.13

Deferred income 318,750.00 337,500.00

Deferred income tax liabilities

Other non-current liabilities 29,426,255.39 23,405,111.04

Total non-current liabilities 67,687,989.63 48,255,167.80

Total liabilities 826,516,704.64 335,332,994.34

Owners' equity (or shareholders' equity):

Paid-in capital (or share capital) 80,000,000.00 60,000,000.00

Other equity instruments

Including: preferred shares

Perpetual debt

Capital reserve 3,141,866,239.74 124,871,335.50

Less: treasury stock

Other comprehensive income -4,434,527.84 -9,453,345.13

Special reserve

Surplus reserve 9,709,638.45 9,709,638.45

General risk provisions

Undistributed profit 359,552,905.17 106,738,838.23

Equity attributable to owners of the parent (or 291,866,467.05 3,586,694,255.52 shareholders' rights

Benefit) Total

Minority interest -4,945.03 -35,684.84

Total owner's equity (or shareholders' equity) 3,586,689,310.49 291,830,782.21

liabilities and owners' equity (or shareholders' rights 4,413,206,015.13 627,163,776.55

benefit) total

Person in charge of the company: Ling Zhimin in charge of accounting work Person in charge: Zhang Jiawu Person in charge of accounting organization: Zhang Jiawu

Third Quarterly Report 2022

Consolidated Income Statement

January-September 2022

Prepared by: Yuneng Technology Co., Ltd.

Unit: Yuan Currency: RMB Audit Type: Unaudited

Project First Three Quarters of 2022 (January-September) First Three Quarters of 2021 (January-September)

Total 1. operating income 927,874,368.75 421,369,598.50

Including: operating income 927,874,368.75 421,369,598.50

Interest income

Premiums earned

Fee and commission income

2. Total Operating Cost 627,814,157.54 357,483,576.23

Including: operating cost 561,382,335.83 263,446,038.37

Interest expense

Fees and commission expenses

surrender payment

Net compensation expenses

Withdrawal of insurance liability reserve

Net

Policy bonus expenses

reinsurance expenses

Taxes and additional 1,007,277.60 657,449.05

Selling Expense 55,951,954.26 40,157,439.71

29,367,796.97 23,058,755.21 of management expenses

Research and development cost 35,560,632.08 22,832,432.86

Finance costs -55,455,839.20 7,331,461.03

Including: 2,502,010.95 1,360,416.29 of interest expense

Interest income 17,875,509.96 319,862.47

Plus: Other income 10,352,071.62 3,628,964.87

Investment income (loss to 7,068,206.55 60,904.03

"-")

Of which: for associates and

Investment income of joint venture

at amortized cost

Amount of financial assets derecognized gain

Exchange gains (losses

"-")

Net exposure hedge gain (loss

"-")

Income from changes in fair value 1,827,502.11 151,415.75

(Losses are listed with "-")

Credit impairment loss (loss -8,656,516. 35 74,064.93

"-")

Third Quarterly Report 2022

Impairment losses on assets (loss -7,335,596.50 -1,394,125.67

"-")

Gain on disposal of assets (loss 18,014.26 -1,404.44

"-")

3. operating profit (loss to 303,333,892.90 66,405,841.74

"-")

Add: Non-operating income 4,431.89 92,141.05

Less: non-operating expenses 175,580.57 53,100.77

Total 4. profit (total loss 66,444,882.02 in 303,162,744.22

"-")

Less: Income tax expense 50,316,812.78 8,477,990.81

5. net profit (net loss 57,966,891.21 by 252,845,931.44

"-")

Classification of (I) by business continuity

1.252,845,931.44 57,966,891.21 of net profit from continuing operations

("-" for net loss)

2. Net profit from discontinued operations

("-" for net loss)

(II) classified by ownership

1. Attributable to shareholders of the parent company

of net profit (net loss 57,786,227.08 in "-" 252,814,066.94

No.)

2. Minority shareholders profit and loss (net 31,864.50 180,664.13.

Losses are listed with a "-")

Net 4,906,348.60 2,048,039.36 after tax 6. other comprehensive income

Uh

Owners of (I) attributable to the parent company 5,018,817.29 2,049,003.55

Other comprehensive income, net of tax

1. Cannot be reclassified into profit or loss

Other comprehensive income

(1) Re-measurement setting is subject

Change in benefit plan

(2) Cannot be transferred under the equity method

Other comprehensive income from profit or loss

(3) Investment in other equity instruments

Changes in fair value of capital

(4) The enterprise's own credit wind.

Risk fair value change

2. Its 5,018,817.29 2,049,003.55 to be reclassified into profit or loss

his comprehensive income

(1) Transferable losses under the equity method

Other comprehensive income of the benefit

Third Quarterly Report 2022

(2) Other debt investment public

Change in fair value

(3) Reclassification of financial assets

Amounts included in other comprehensive income

(4) Other debt investment letters

Provision for impairment

(5) Cash flow hedging reserves

Preparation

(6) Foreign currency financial statements are discounted 5,018,817.29 2,049,003.55.

Calculate Variance

(7) Other

(II) attributable to minority shareholders -112,468.69 -964.19

Other comprehensive income, net of tax

Total 7. comprehensive income 257,752,280.04 60,014,930.57

(I) all 257,832,884.23 59,835,230.63 attributable to the parent company

Total comprehensive income of

(II) attributable to minority shareholders -80,604.19 179,699.94

Total comprehensive income

8. EPS:

(I) basic earnings per share (RMB/3.79 0.96

unit)

(II) diluted earnings per share (RMB/3.79 0.96

unit)

If the merger of enterprises under the same control occurs in the current period, the net profit realized by the merged party before the merger is: 0 yuan, and the net profit realized by the merged party in the previous period is: 0 yuan.

Person in charge of the company: Ling Zhimin in charge of accounting work Person in charge: Zhang Jiawu Person in charge of accounting organization: Zhang Jiawu

Consolidated Statement of Cash Flows

January-September 2022

Prepared by: Yuneng Technology Co., Ltd.

Unit: Yuan Currency: RMB Audit Type: Unaudited

Project First Three Quarters of 2022 First Three Quarters of 2021

(January-September) (January-September)

1. cash flows from operating activities:

457,094,611.24 of cash 784,840,841.86 received from sales of goods and provision of services

Net increase in customer deposits and interbank deposits

Net increase in borrowing from the Central Bank

Net increase in funds borrowed from other financial institutions

Cash received from the original insurance contract premium.

Net cash received from reinsurance operations

Net increase in policyholder savings and investments

Cash charged for interest, fees and commissions

Third Quarterly Report 2022

Net increase in split funds

Net increase in repurchase business funds

Net cash received from securities traded by agents

Tax refund 64,631,840.40 35,426,980.14 received

Other cash 86,796,222.01 39,873,834.54 received in connection with operating activities

Subtotal of cash inflow from operating activities 936,268,904.27 532,395,425.92

Cash 748,270,106.58 348,572,801.63 for purchases of goods and payments for services

Net increase in loans and advances to customers

Net increase in central bank and interbank deposits

Cash paid for original insurance contract claims

Net increase in split funds

Cash paid for interest, fees and commissions

Cash paid for policy dividends

50,020,925.87 of cash 64,198,952.33 paid to and on behalf of employees

35,523,417.72 32,942,927.39 of taxes and fees paid

Payment of other cash 96,562,948.80 58,088,957.84 related to operating activities

Subtotal of cash outflows from operating activities 944,555,425.43 489,625,612.73

Net cash flows from operating activities -8,286,521.16 42,769,813.19

Cash flows from 2. investing activities:

5,070,767.12 of cash 1,540,320,000.00 received from investment recovery

Cash 8,486,915.24 received for investment income

Disposal of fixed assets, intangible assets and other long-term 34,000.00 1,110.00

Net cash recovered from assets

Disposal of cash received from subsidiaries and other business units

Net gold

Other cash 2,846,689.31 6,686,000.00 received in connection with investing activities

Subtotal of cash inflows from investing activities1,551,687,604.55 11,757,877.12

Purchase and construction of fixed assets, intangible assets and other long-term 22,483,471.23 1,866,778.75

Cash paid for assets

1,170,000.00 of cash 2,136,922,500.00 paid for investments

Net increase in pledged loans

Acquisition of cash paid by subsidiaries and other business units

Net gold

Payment of other cash 3,461,869.32 6,475,400.00 related to investing activities

Subtotal of cash outflows from investing activities 2,162,867,840.55 9,512,178.75

Net cash flows from investing activities -611,180,236.00 2,245,698.37

Cash flows from 3. financing activities:

423.61 of cash 3,061,575,200.00 received from investment absorption

Of which: investment received by subsidiaries from minority shareholders

of the cash

68,694,197.00 of cash 123,375,055.00 received for obtaining borrowings

Other cash 12,751,400.00 12,936,000.00 received related to financing activities

Third Quarterly Report 2022

Subtotal 3,197,701,655.00 81,630,620.61 of cash inflow from financing activities

50,734,348.12 of cash 118,153,585.56 paid for debt repayment

1,506,325.87 of current 1,776,259.72 paid for distribution of dividends, profits or interest payments

Gold

Of which: shares paid by subsidiaries to minority shareholders

Profits and profits

Payment of other cash 35,838,114.35 25,929,800.00 related to financing activities

Subtotal of cash outflows from financing activities 155,767,959.63 78,170,473.99

Net cash flows from financing activities 3,041,933,695.37 3,460,146.62

Effect of 4. exchange rate changes on cash and cash equivalents 32,765,408.78 -6,892,554.79

Sound

Net increase in 5. cash and cash equivalents 2,455,232,346.99 41,583,103.39

Add: balance of cash and cash equivalents at the beginning of the period 192,927,415.13 140,506,893.67

Balance of cash and cash equivalents at the end of 6. 2,648,159,762.12 182,089,997.06

Person in charge of the company: Ling Zhimin in charge of accounting work Person in charge: Zhang Jiawu Person in charge of accounting organization: Zhang Jiawu

The first implementation of new accounting standards or interpretation of standards from 2022 involves adjusting the financial statements at the beginning of the year of first implementation.

□ Applicable √ Not applicable

It is hereby announced.

Board of Directors of Yuneng Technology Co., Ltd.

October 28, 2022