SHAH CAPITAL MANAGEMENT → Emeren Group Ltd

Item 4 is amended to include the following disclosure at the end of the Item: Amendments to the Agreement and Plan of Merger and the Rollover Agreement On September 2, 2025, the Issuer, Parent and Merger Sub entered into an Amendment to the Merger Agreement, and Parent and the Rollover Securityholders entered into an Amendment to the Rollover Agreement, in each case to clarify that Shah Opportunity is a Rollover Securityholder and that the Ordinary Shares represented by ADSs held by Shah Opportunity are Rollover Securities. As a Rollover Securityholder, Shah Opportunity has agreed to vote its Rollover Securities in favor of the adoption of the Merger Agreement and the approval of the Merger and to the cancellation of its Rollover Securities in exchange for newly issued shares of Parent.