Core Viewpoint - The company is planning to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange to enhance its global development strategy and brand influence [1] Group 1: Company Strategy - The company aims to advance its globalization strategy and improve its international brand influence and core competitiveness [1] - The company is actively leveraging international capital markets to diversify its financing channels [1] Group 2: H-Share Listing Details - The company is in discussions with relevant intermediaries regarding the specific progress of the H-share listing [1] - The details of the H-share listing are not yet finalized [1] - The H-share listing will not result in changes to the company's controlling shareholder or actual controller [1]

Core Viewpoint - The company plans to issue H-shares and list them to support its international business development and enhance its global brand image [2] Group 1: Business Development - The issuance of H-shares is primarily driven by the company's actual business development needs [2] - This move will help advance the company's internationalization strategy [2] Group 2: Financial Support - The issuance will broaden the company's financing channels [2] - It will provide strong support for ongoing investments in technology research and development, capacity building, and overseas market expansion [2] Group 3: Competitive Advantage - The actions taken will enhance the company's core competitiveness [2]

Group 1 - The company has approved a proposal to apply for credit from banks and other financial institutions to engage in financing leasing business, aiming to enhance asset operation efficiency and meet funding needs for business development [1] - The company signed two financing leasing contracts with Su Yin Financial Leasing Co., Ltd., with a total financing amount of 49,800,000 yuan, consisting of 14,940,000 yuan and 34,860,000 yuan [2] - The financing leasing transactions do not constitute related party transactions and are within the approved credit limit, allowing the management to handle all related matters without further board or shareholder approval [2][3] Group 2 - The financing leasing business is expected to activate company assets, broaden financing channels, optimize financial structure, and effectively meet medium to long-term funding needs [4] - The financing leasing activities will not significantly impact the company's production and operations, nor will they affect the independence of the business or harm the interests of shareholders [4]

Group 1 - The company plans to engage in a financing lease sale-and-leaseback transaction with State Grid International Financial Leasing Co., Ltd., with a financing amount not exceeding 500 million RMB [1][2] - The transaction does not constitute a related party transaction or a major asset restructuring as defined by the regulations [1][2] - The financing amount falls within the board's approval authority and does not require submission to the shareholders' meeting for approval [1][2] Group 2 - The board of directors approved the financing lease sale-and-leaseback proposal during the 17th meeting of the 11th session on June 17, 2025, which does not require shareholder approval [2] - The transaction involves the sale and leaseback of certain production equipment and facilities from the Jiamusi Thermal Power Plant, with clear ownership and no significant disputes or legal issues [2] - The financing lease will allow the company to activate existing assets, broaden financing channels, and meet funding needs, promoting sustainable and healthy development without affecting the normal use of the leased assets [2]