Group 1 - The company held its 15th meeting of the 5th Board of Directors on November 21, 2025, where several key resolutions were passed [1][5][8] - The company plans to permanently supplement its working capital with surplus funds of 2.0384 million yuan from completed fundraising projects [1][5] - A proposal to change the investment direction of 219.0937 million yuan from the "Intelligent Coal Dry Selection Machine Industrialization Project (Phase I)" to a "120MW/240MWh User-side Energy Storage Project" was approved [5][57] Group 2 - The company approved an increase in the guarantee limit for its subsidiary, Anhui Sunshine Energy Storage Co., Ltd., to 100 million yuan to enhance overall financing efficiency [8][26] - The company plans to repurchase and cancel 430,000 shares from the first employee stock ownership plan, which accounts for 0.23% of the total share capital [12][34] - The company will hold its second extraordinary general meeting of 2025 on December 8, 2025, to discuss the approved proposals [17][38] Group 3 - The company reported that the total amount of external guarantees after the increase will be 120 million yuan, accounting for 9.31% of the latest audited net assets [32][33] - The company has no overdue guarantees and does not provide guarantees for controlling shareholders or related parties [32][33] - The company’s registered capital will decrease from 1.83375358 billion yuan to 1.82945358 billion yuan following the share repurchase [34][35] Group 4 - The company’s decision to terminate the "Intelligent Coal Dry Selection Machine Industrialization Project (Phase I)" is due to unfavorable market conditions and a decline in demand for coal intelligent sorting machines [57][68] - The new "120MW/240MWh User-side Energy Storage Project" is expected to have a total investment of 252.09 million yuan, with 219.0937 million yuan sourced from the repurposed funds [57][73] - The project aims to be operational by December 31, 2026, and is aligned with national strategies for carbon neutrality [57][73]

Core Viewpoint - 泰禾智能 has decided to change the use of raised funds from the "Intelligent Coal Dry Selection Machine Industrialization Project (Phase I)" to the "120MW/240MWh User-side Energy Storage Project" to improve the efficiency of fund utilization [1] Group 1: Fund Allocation Changes - The company plans to redirect 21,909.37 million yuan of unutilized raised funds (including interest and investment income after deducting fees) to the new energy storage project [1] - The total investment amount for the "120MW/240MWh User-side Energy Storage Project" is set at 25,209.00 million yuan, with the remaining portion being self-financed by the company [1] Group 2: Financial Status and Future Plans - As of September 30, 2025, 卓海智能 has a balance of 6,602.97 million yuan in its fundraising account, which will be used for the energy storage project [2] - The remaining 15,306.40 million yuan will be used for capital increase in 阳光优储 to implement the same project, maintaining 阳光优储 as a wholly-owned subsidiary [2] - The company will proceed with the necessary business registration procedures following the capital increase [2]