Core Viewpoint - The recent actions of Reshaping Energy indicate a belief that its H-share stock price does not adequately reflect its intrinsic value, business fundamentals, and long-term growth prospects [1] Group 1: Shareholder Actions - On October 10, shareholders of Reshaping Energy deposited shares into the China Securities Depository and Clearing Hong Kong, with a market value of HKD 2.29 billion, representing 38.24% of the total [1] Group 2: Company Announcements - The board of Reshaping Energy has announced a share repurchase plan for H-shares, with a maximum fund allocation not exceeding HKD 80 million [1]

Group 1 - The company will hold its second extraordinary general meeting of shareholders on October 28, 2025 [2] - The meeting will take place at 14:00 at the conference room on the 10th floor of the Andeli Building, Yantai, Shandong Province [2][12] - Voting will be conducted through a combination of on-site and online methods, with specific time slots for online voting [3][4] Group 2 - The company has disclosed that the agenda for the meeting was approved during the board and supervisory board meetings held on September 22, 2025 [6] - There will be special resolutions and a separate vote for minority investors on one of the proposals [6] - No related party shareholders are required to abstain from voting [6] Group 3 - The company will utilize the Shanghai Stock Exchange's online voting system for the meeting [4] - Shareholders must register to attend the meeting, providing necessary identification and proof of shareholding [8] - The registration for on-site attendance will be open from 13:00 to 14:00 on the day of the meeting [10] Group 4 - The company plans to hold a half-year performance briefing on October 21, 2025, from 09:00 to 10:00 [16] - The briefing will be conducted via the Shanghai Stock Exchange's online interactive platform [16][19] - Investors can submit questions in advance through the designated platform or via email [16][19] Group 5 - The company announced the implementation of H-share repurchases, with a total of 1,000,000 shares repurchased in September 2025 [21] - The total amount spent on these repurchases in September was 17,115,300.00 HKD, representing 1.42% of the total H-shares issued [21] - Cumulatively, the company has repurchased 7,012,000 H-shares, amounting to 121,807,750.00 HKD since the start of the buyback program [21]

Core Viewpoint - The company believes that its current H-share price may not fully reflect its intrinsic value, business fundamentals, and long-term growth prospects [1] Group 1: Share Buyback Plan - The board has decided to implement a share buyback plan for H-shares, which demonstrates confidence in the company's long-term business development and industry outlook [1] - The buyback plan aims to optimize the company's capital structure, enhance net asset value per share, and/or improve earnings per share, thereby further protecting overall shareholder interests [1] - The maximum amount allocated for the H-share buyback plan is capped at 80 million HKD [1] Group 2: Mitigating Dilution Effects - The share buyback plan may also help to offset potential dilution effects that could arise from future employee stock ownership plans or equity incentive plans, if applicable [1]