Group 1 - The company, Henan YN Holding Co., Ltd., is conducting a capital increase and share expansion for its subsidiary Linzhou YN Pumped Storage Co., Ltd. through a public listing, aiming to raise no more than 183.48 million yuan, corresponding to a shareholding ratio of no more than 16% [2] - After the transaction, the registered capital of Linzhou YN Pumped Storage will increase from 900 million yuan to 1.071428571 billion yuan, and the company's shareholding in the subsidiary will decrease from 100% to 84% [2] - The transaction does not constitute a related party transaction and does not require approval from the board of directors or shareholders [2] Group 2 - Linzhou YN Pumped Storage Co., Ltd. was established on December 24, 2021, with a registered capital of 900 million yuan and is involved in various energy-related services [3] - As of December 31, 2024, Linzhou YN Pumped Storage has total assets of 891.6246 million yuan, total liabilities of 531.7509 million yuan, and net assets of 359.8738 million yuan [4] - The counterparty for the investment is Linzhou Huimin Water Co., Ltd., which has total assets of 1.2071098 billion yuan and net assets of 348.4931 million yuan as of December 31, 2024 [4][5] Group 3 - The capital increase price is based on an asset evaluation report, with the increase priced at 1.0703 yuan per 1 yuan of new registered capital, with the premium portion fully included in the capital reserve [6] - The assessed value of the assets contributed by Linzhou Huimin Water Co., Ltd. for the capital increase is 339.183910 million yuan [7] - The capital increase agreement stipulates that the registered capital will be adjusted to 1.071428571 billion yuan, and the shareholding ratios will be updated accordingly [9] Group 4 - The purpose of the capital increase is to introduce new investors, alleviate the company's capital contribution pressure, and accelerate the construction of the Linzhou Pumped Storage project [10] - The company will still be the controlling shareholder of Linzhou Pumped Storage after the capital increase, ensuring no adverse impact on its financial status or operations [10]

Overview - The core point of the announcement is that Henan YN Holdings Co., Ltd. has successfully registered and issued a short-term financing bond for rural revitalization, with a total amount of RMB 15 billion [1]. Group 1: Financing Details - The company held a board meeting on June 12, 2023, and a temporary shareholders' meeting on July 3, 2023, where it approved the proposal to apply for the registration of short-term financing bonds [1]. - On September 25, 2023, the trading association issued a registration acceptance notice for the company’s short-term financing bond, allowing a registered amount of RMB 15 billion, valid for two years from the date of the notice [1]. - The funds raised from this bond issuance will primarily be used to repay interest-bearing debts and to supplement the working capital of subsidiary enterprises [1]. Group 2: Issuance Announcement - The second phase of the short-term financing bond for 2025 was issued on April 17, 2025, and the results of this issuance are being announced [1]. - Detailed documents regarding this bond issuance have been published on the Shanghai Clearing House and China Money websites [2]. Group 3: Company Assurance - The company and its board members guarantee that the information disclosed is true, accurate, and complete, with no false records or misleading statements [1]. - The announcement was officially made by the board of directors on April 22, 2025 [3].