Group 1 - The company has entered into a joint venture agreement with Beijing Haibo Sichuang Technology Co., Ltd. to establish a new company [1] - The joint venture is tentatively named Energy Crystal (Beijing) Technology Co., Ltd., subject to approval by the market supervision administration [1] - The new company will primarily focus on AI technology services in the field of electricity trading [1] Group 2 - The company will hold a 19% equity stake in the joint venture [1] - The financial performance of the joint venture will not be consolidated into the company's overall financial statements [1]

Group 1 - The company has entered into a joint venture agreement with Beijing Haibo Sichuang Technology Co., Ltd. to establish a joint venture company named Energy Crystal (Beijing) Technology Co., Ltd. which will focus on AI technology services in the electricity trading sector [1] - The company will hold a 19% stake in the joint venture, and its financial performance will not be consolidated into the group's financial statements [1] - The establishment of the joint venture signifies a new level of integration between "AI + energy storage" technology, aiming for deep exploration and innovative breakthroughs in technology, application scenarios, and industrial ecology [2] Group 2 - The collaboration will leverage Haibo Sichuang's expertise in energy storage system research, production, and lifecycle management, combined with the group's leading technologies in AI Agent + world models, machine learning platforms, and smart energy [2] - The partnership will focus on advancing cooperation in electricity trading and energy storage asset operation management, exploring multi-scenario applications, and promoting the comprehensive application of AI technology in the energy storage sector [2] - The joint venture is expected to inject high levels of intelligence into the entire business chain of energy storage, contributing to global sustainable energy development with a "Chinese solution" [2]

Group 1 - The company has entered into a joint venture agreement with Beijing Haibo Sichuang Technology Co., Ltd. to establish a new company named Energy Crystal (Beijing) Technology Co., Ltd., focusing on AI technology services in the electricity trading sector [1] - The company will hold a 19% stake in the joint venture, and its financial performance will not be consolidated into the group's financial statements [1] - The establishment of the joint venture signifies a new level of integration between AI and energy storage technology, aiming for innovative breakthroughs in technology, application scenarios, and industrial ecology [2] Group 2 - The collaboration will leverage Haibo Sichuang's expertise in energy storage system research, production, and lifecycle management, combined with the group's leading technologies in AI and smart energy [2] - The joint venture will explore various application scenarios in electricity trading and energy storage asset management, promoting the comprehensive application of AI technology in the energy storage sector [2] - The agreement is deemed fair and reasonable, aligning with the overall interests of the company and its shareholders [2]

Core Viewpoint - The establishment of a joint venture between Fourth Paradigm and Beijing Haibo Sichuang Technology Co., Ltd. marks a significant step towards integrating AI technology with energy storage solutions, aiming to enhance the capabilities in power trading and energy management [1][2] Group 1: Joint Venture Details - The joint venture, tentatively named Energy Crystal (Beijing) Technology Co., Ltd., will focus on AI technology services in the power trading sector [1] - Fourth Paradigm will hold a 19% stake in the joint venture, and its financial performance will not be consolidated into the group's financial statements [1] Group 2: Technological Integration and Collaboration - The collaboration aims to explore the integration of "AI + Energy Storage" technologies, leading to innovative breakthroughs in technology, application scenarios, and industrial ecosystems [1] - The partnership will leverage Haibo Sichuang's expertise in energy storage system development and management, combined with Fourth Paradigm's advanced technologies in AI and smart energy [1] Group 3: Strategic Implications - The joint venture is expected to inject high levels of intelligence into the entire energy storage value chain, contributing to sustainable global energy development with a "Chinese solution" [2] - The terms of the joint venture agreement are considered fair and reasonable, aligning with the overall interests of the company and its shareholders [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 Beijing Fourth Paradigm Technology Co., Ltd. 北京第四範式智能技術股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：6682） 自願公告 成立合資公司 戴文淵博士 本公司董事（「董 事」）會（「董事會」）欣 然 宣 布，於2025年8月4日，本 公 司 與 北 京 海 博思創科技股份有限公司（「海博思創」）訂立合資協議（「合資協議」），內 容 有 關 （其 中 包 括）成立合資公司（「合資公司」）。建 議 合 資 公 司 名 稱 為 能 量 晶 體（北 京） 科技有限公司（暫 定 名，最 終 以 市 場 監 督 管 理 局 審 核 為 準）。合 資 公 司 將 主 要 從 事電力交易方向的AI技 術 服 務。於 成 立 時，本 公 司 將 持 ...

Group 1 - The core viewpoint of the news is the establishment of a joint venture between Haibo Sichuang Technology Co., Ltd. and Paradigm Group, focusing on the integration of AI technology and energy storage systems [1][2] - The collaboration aims to leverage Haibo Sichuang's expertise in energy storage system development and lifecycle management alongside Paradigm Group's advancements in AI and smart energy solutions [1] - The partnership is expected to enhance the intelligent upgrade of energy storage systems through the deep integration of AI and energy storage technologies, promoting a new era of AI solutions in the energy sector [1][2] Group 2 - This collaboration marks a significant advancement for Haibo Sichuang in the field of artificial intelligence and represents a critical leap towards the digitalization of the energy storage industry [2] - The joint efforts will explore the technological boundaries of "AI + Energy Storage," injecting high levels of intelligence into the entire energy storage value chain [2] - The initiative aims to provide a "Chinese solution" for global sustainable energy development [2]

Group 1 - The event aims to promote innovation and collaboration between large and small enterprises, leveraging leading companies to support small businesses in key industrial supply chains [1][2] - The competition adopts a model where leading enterprises "post challenges" and small enterprises "respond," focusing on cutting-edge fields to enhance resource sharing and precise matching of supply and demand [2][3] Group 2 - The organizing bodies include the Beijing Municipal Bureau of Economy and Information Technology, Beijing Municipal Finance Bureau, and the Chaoyang District People's Government [3] - Eligibility for participation requires companies to be registered in China, meet the criteria for small and micro enterprises, have completed R&D or prototype development, possess clear application scenarios, own intellectual property rights, and have no negative records [4] Group 3 - The competition seeks AI solutions for industrial applications in energy storage, including health diagnostics, predictive maintenance, performance analysis, and intelligent control algorithms [4] - Registration for the competition is free, and participants must register through the official competition website [5] Group 4 - The competition timeline includes project recruitment from June 30, preliminary rounds from July 1 to July 31, and finals from August 1 to August 31 [6][7] - Awards include one special prize and ten excellence awards, with monetary rewards, certificates, and trophies for winners [8][9]

Core Insights - The recent SNEC 2025 conference highlighted key themes such as the international expansion of renewable energy, new power systems, and energy digitalization [1] - Schneider Electric emphasizes the importance of "value deepening" in the renewable energy sector, balancing social and economic values for sustainable development [1] Innovation and Product Development - Innovation is identified as a critical driver for value creation in the renewable energy industry, with agile innovation being essential for maintaining competitiveness [3] - Schneider Electric has launched various industry-specific products, including solutions for photovoltaic, wind power, and energy storage sectors, showcasing their commitment to rapid product development [3] - New products introduced at the SNEC exhibition include the ECC microgrid, solar storage ultra-charging systems, and the EasyPact CVS DC NE circuit breaker [3] Ecosystem Collaboration - Ecosystem collaboration emerged as a central theme at the SNEC exhibition, with Schneider Electric engaging in multiple partnerships with renewable energy companies [5] - A notable collaboration with Beijing Haibo Sichuang Technology Co., Ltd. resulted in the release of a white paper aimed at enhancing safety standards in battery storage systems [5] Commitment to R&D and Market Strategy - Schneider Electric's commitment to the Chinese market is reflected in its "China-centric" strategy and increased R&D investments, with a growth rate exceeding 18% [7] - The company has established five R&D centers and an AI innovation lab in China, leading to a rise in local innovations that serve the global market [7] - The completion of the second phase of the Jinshan Innovation Park and the establishment of a new power system innovation demonstration base are part of Schneider Electric's efforts to promote high-quality development in the renewable energy sector [7] Customer-Centric Approach - Schneider Electric focuses on customer needs under its "China-centric" strategy, enhancing its presence in key application areas such as photovoltaics, energy storage, and charging [9] - The company aims to transform innovative outcomes into development momentum, facilitating a leap in the value of the renewable energy industry [9]

Core Points - The company announced a cash dividend of 1.10 yuan per share (including tax) for the fiscal year 2024, approved at the annual shareholders' meeting on May 28, 2025 [1][2] - The total cash dividend distribution amounts to 198,101,741.20 yuan (including tax), based on a total share capital of 180,092,492 shares [2] - The cash dividends will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the registration date [1][2] Distribution Plan - The cash dividend will be distributed to shareholders who hold unrestricted circulating shares, with specific provisions for different types of shareholders [5][6] - For individual shareholders holding shares for more than one year, the dividend income is exempt from personal income tax, resulting in an actual cash dividend of 1.10 yuan per share [5] - For shareholders holding shares for less than one year, the tax will be calculated upon the transfer of shares, with the actual cash dividend remaining at 1.10 yuan per share until then [5][6] Tax Implications - Shareholders holding shares for one month or less will incur a 20% tax on their dividend income, while those holding for one month to one year will incur a 10% tax [6] - Qualified Foreign Institutional Investors (QFII) will have a 10% corporate income tax withheld, resulting in an actual cash dividend of 0.99 yuan per share [7] - For investors through the Hong Kong Stock Exchange, a 10% tax will also be withheld, leading to a net cash dividend of 0.99 yuan per share [7] Additional Information - The company will not withhold corporate income tax for other institutional investors and corporate shareholders, who are responsible for their own tax payments, receiving a gross cash dividend of 1.10 yuan per share [8] - For any inquiries regarding the dividend distribution, shareholders can contact the Securities Legal Affairs Department at the provided phone number [8]

Core Viewpoint - The new energy storage industry is undergoing a digital transformation driven by AI technologies, which are expected to enhance operational efficiency and address existing challenges in the sector [1][4]. Industry Overview - New energy storage, akin to a "super power bank," is crucial for balancing electricity supply and demand, encompassing technologies like lithium batteries, sodium batteries, and flow batteries [2]. - The industry has seen significant growth in recent years, with advancements in the supply chain and increased production capacity, but it faces challenges such as intense market competition and immature business models [2][3]. Market Dynamics - The average bidding price for 2-hour energy storage systems in 2024 is reported at 0.628 yuan per watt, reflecting a 43% decrease year-on-year [2]. - The average wind abandonment rate is approximately 4.1%, and the solar abandonment rate is about 3.2%, with some regions experiencing rates as high as 10% [3]. Technological Challenges - The utilization rate of newly built energy storage facilities is low, with an average daily operation time of only 3.74 hours and an annual utilization index of 31% [3]. - The industry must overcome technical challenges related to safety, reliability, lifespan, and efficiency of storage systems [3]. AI Integration - AI is being integrated into various aspects of the energy storage industry, from simulation design to system integration, enhancing efficiency and safety [4][5]. - AI technologies can optimize battery module arrangements, improve energy density, and assist in project planning by analyzing vast amounts of data [4]. Operational Efficiency - AI can significantly enhance the construction and operational efficiency of energy storage stations by optimizing cost and revenue models [5]. - AI visual inspection systems can reduce defect rates in battery cells, while dynamic charging and discharging strategies can lower thermal runaway risks [6]. Advanced AI Applications - The "HyperGenie" AI operational assistant developed by Beijing Haibo Sichuang Technology Co., Ltd. monitors equipment status and predicts potential faults, helping to prevent operational disruptions [7]. - The AIOPS-2000 smart operation cloud platform has been successfully implemented in 42 energy storage stations, focusing on safety, precision maintenance, and efficient operations [7]. Future Directions - To enhance the integration of AI with energy storage systems, improving data quality and security is essential, along with establishing collaborative mechanisms among manufacturers, integrators, and service providers [7].