Prete recently issued an announcement that in order to improve the market competitiveness of the group company, accelerate the strategic layout of the company's development, the company and the company's holding subsidiary Jiangsu Haiduda Power Co., LTD.)Plan to jointly invest in the establishment of a subsidiaryPRET (HK) Trading Limited(Plitt(Hong Kong)Trading Company Limited, "Preet Hong Kong Company")(The provisional name shall be subject to the final approval of the relevant department in Hong Kong).

Ring view:This investment to establish a subsidiary in Hong Kong is to meet the actual needs of the company to carry out international import and export trade business development, in line with the company's long-term strategic planning layout. At the same time, the company will rely on the shipping resources, supporting services and geographical advantages of Hong Kong international shipping Center, give full play to its advantages in business development, legal and tax system, service guarantee and other aspects, and actively develop international import and export trade business, laying the foundation for further expansion of the company's global business, improving the company's international competitiveness and profitability.

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