Beijing Zhongke Zhongneng Science & Technology Co. Ltd.

Beijing Zhongke Zhongneng Technology Co. Ltd. (hereinafter referred to as "Zhongke Zhongneng") is a wholly-owned state-owned technology transfer platform company and asset management company established with the approval of the Institute of Engineering Thermophysics of the Chinese Academy of Sciences (hereinafter referred to as "the Institute") in May 2013, aiming to promote and accelerate the transfer and transformation of scientific and technological achievements of the Institute, cultivate and build technologybased enterprises, strengthen the professional supervision of the Institute's investment enterprises, and promote market-oriented operation.

Since its establishment, Zhongke Zhongneng has shouldered multiple functions such as the transformation of scientific and technological achievements, equity supervision, and capital operation. By investing in the intangible assets of the Institute, it promotes the industrialization of the Institute's scientific and technological achievements; through equity supervision and service to the Institute’s invested enterprises, it enhances the value of corporate assets; and through capital operation, it realizes the preservation and appreciation of stateowned equity. By the end of 2023, through the market-oriented and professional operation mode, focusing on the Institute’s scientific and technological achievements in the fields of energy, power, environment, and others, Zhongke Zhongneng has assisted the Institute to establish more than 30 technology-based industrial enterprises through foreign investment in intellectual property rights and joint ventures with external investors, and the Institute has realized more than 1.5 billion CNY of state-owned equity assets through the investment of intangible assets, achieving positive industrialization outcomes.

In 2023, in accordance with the unified management of the competent department of the Chinese Academy of Sciences, Zhongke Zhongneng continued to promote the special work of enterprise classification clean-up. Among them, the equity transfer in core enterprises was remarkable, with 19 of the 21 "to be transferred" enterprises of the Institute completing the transfer, ranking the third in the entire Institute. At the same time, Zhongke Zhongneng strengthened the clean-up of noncore enterprises, focused on expanding and strengthening core enterprises, promoted the restructuring of core enterprises, and improved the internal management level of core enterprises. Among them, two non-core enterprises were cleared and three core enterprises were restructured. In order to reduce the risk of state-owned assets supervision and support the transformation of the Institute’s scientific research and achievements, Zhongke Zhongneng promotes the equity transfer of some enterprises, achieving the equity transfer income of more than 100 million CNY in 2023.