Core Viewpoint - The company has approved the temporary use of idle raised funds to supplement working capital, amounting to no more than RMB 110 million, for a period not exceeding 12 months, ensuring compliance with relevant regulations and maintaining the integrity of the original fundraising purpose [3][4][18]. Group 1: Board Meeting - The company's 10th Board of Directors held its 6th meeting on September 4, 2025, via telecommunication, with all 9 directors participating, confirming the legality and validity of the resolutions made [2][3]. - The board unanimously approved the proposal to use part of the idle raised funds to temporarily supplement working capital, with a vote of 9 in favor, 0 against, and 0 abstentions [3][4]. Group 2: Fundraising and Usage - The company raised a total of RMB 3,999,999,988.44 through a non-public offering of up to 177,147,918 shares, with a net amount of RMB 3,994,750,464.69 after deducting issuance costs [3][14]. - As of June 30, 2025, the company plans to use up to RMB 110 million of idle raised funds to improve efficiency and reduce financial costs, with the condition that it will not affect the progress of the original investment projects [4][16][19]. Group 3: Supervisory Approval - The 10th Supervisory Board also held its 6th meeting on September 4, 2025, with all 3 supervisors participating, confirming the legality of the resolutions [7][8]. - The Supervisory Board agreed with the proposal to use idle raised funds for working capital, emphasizing that it aligns with the company's development needs and does not violate any laws or regulations [8][20]. Group 4: Financial Implications - The use of idle funds is expected to save approximately RMB 1.65 million in financial costs, as it reduces the need for bank loans [19]. - The company commits to returning the funds to the dedicated account based on the progress of the investment projects, ensuring that the original fundraising purpose remains intact [19][21].

Group 1 - The company’s controlling shareholder, New Hope Group, issued a non-public offering of exchangeable bonds amounting to 6.5 billion RMB on March 22, 2023, with a maturity of 3 years and the underlying stock being New Hope A-shares [1] - New Hope Group completed the early repurchase of part of the "23 Hope E1" bonds [1] Group 2 - On April 30, 2025, New Hope Group announced the repurchase implementation of "23 Hope E1," with the repurchase declaration period from May 6 to May 8, 2025 [2] - A total of 190,000 bonds were effectively declared for repurchase, amounting to a face value of 19 million RMB, which was fully paid on May 15, 2025 [2] - After the repurchase, the remaining face value of "23 Hope E1" bonds is 5.7555 billion RMB, and New Hope Group will continue to make payments as per the original agreement [2]

Group 1 - The controlling shareholder, New Hope Group, completed the early repurchase of part of the 2023 convertible bonds issued on March 22, 2023, with a total issuance size of 6.5 billion RMB [1][2] - The bonds, referred to as "23 Hope E1," have a maturity of 3 years and are backed by New Hope's A-share stock [1] - The repurchase announcement was made on April 30, 2025, with the repurchase period set from May 6 to May 8, 2025, during which 190,000 bonds were effectively repurchased [2] Group 2 - The total face value of the repurchased bonds amounted to 19 million RMB, which includes the principal and interest [2] - Following the repurchase, the remaining face value of the "23 Hope E1" bonds will be managed by New Hope Group, which will also apply for the cancellation of the corresponding trust registration with the China Securities Depository and Clearing Corporation [2] - The company will continue to monitor the related matters of the controlling shareholder and fulfill its information disclosure obligations as required by law [2]