On December 31, EVE Energy issued an announcement stating that the third meeting of the company’s seventh board of directors had reviewed and approved the “Proposal on Establishing a Branch Company by EVE Power.” The proposal authorized the company’s subsidiary, Hubei EVE Power Co., Ltd., to set up a branch in Wuhan, and granted the management of EVE Power the authority to oversee the specific implementation of this matter and handle the relevant procedures. By establishing a branch in Wuhan, a city rich in higher education resources, with a strong research foundation and a concentration of high-caliber talent, EVE Power will further enhance its ability to attract and integrate top-tier scientific researchers and technical experts across the Central China region. This move will facilitate the establishment of close R&D collaboration networks with local prestigious universities, research institutes, and industry-chain partners, enabling resource sharing and complementary advantages. At the same time, it will bring the company closer to customers and market frontiers, accelerating the commercialization and application of R&D outcomes, thereby continuously driving the optimization and upgrading of EVE Power’s products and services. EVE Energy stated that the establishment of a branch office by EVE Power in Wuhan will have a positive impact on the company’s overall business development, is consistent with the company’s strategic plan, and will not have a material adverse effect on the company’s financial condition or operations. There is no situation that would harm the interests of the company or its shareholders, particularly small and medium-sized shareholders.