In order to respect the interests of small and medium-sized investors and to enhance their participation in major matters resolved at the Company's general meeting, separate vote counting will be conducted for small and medium-sized investors for the motions to be considered at the AGM, which refers to shareholders other than directors, supervisors, senior management of the listed company and shareholders holding, individually or in aggregate, more than 5% of the shares of the Company.

Legal Opinion of Beijing Zhonglun Law Firm on the Third Extraordinary General Meeting of 2024 of Shandong Luyang Energy Saving Materials Co.

Shandong Luyang Energy Conservation Materials Company Limited (hereinafter referred to as the "Company") held the Twelfth (Temporary) Meeting of the Eleventh Session of the Board of Directors on November 6, 2024, and considered and passed the "Proposal on the Appointment of General Manager of the Company" and "Proposal on the Remuneration of Senior Management Personnel of the Company".

Shandong Luyang Energy Conservation Materials Company Limited (hereinafter referred to as the "Company") held the Twelfth (Temporary) Meeting of the Eleventh Session of the Board of Directors on November 6, 2024, and considered and passed the "Proposal on the Appointment of General Manager of the Company" and "Proposal on the Remuneration of Senior Management Personnel of the Company".