HXTL (01085) subsidiary receives 200 million yuan policy financial instrument for use in Qinghai 350MW solar thermal power generation project.

HXTL(01085) announced that its subsidiary Zhejiang Zhongguang New Energy Technology Co., Ltd., in which the company indirectly holds a 51% interest, signed a loan agreement with JinYin New Type Policy Financial Instruments Co., Ltd. on October 14, 2025. The loan involves a policy financial instrument amounting to 200 million RMB. The loan will be managed by the Zhejiang Branch of the China Export-Import Bank and will be used to supplement the capital requirements of the Delingha 350MW tower solar thermal power generation project to be constructed by Qinghai Zhongkong CECEP Solar Energy Co., Ltd., a wholly-owned subsidiary of Zhejiang Zhongguang. The project is located in Delingha City, Haixi Prefecture, Qinghai Province, China, with a total capacity of 350 megawatts, utilizing tower solar thermal power generation technology. The project is characterized by strong power generation stability and excellent energy storage capabilities. Once completed, it will provide stable and reliable clean electricity to the Qinghai grid, serving as an important demonstration project in building a new type of power system and significantly enhancing the Group's industry status in the field of solar thermal power generation. The Board believes that the loan will supplement the project's capital, ensuring its smooth implementation and aligning with the Group's strategy of deepening its presence in renewable energy. The project is expected to generate stable long-term income, enhancing the Group's market reputation and competitiveness in the field of solar thermal power generation. The loan terms are in line with normal commercial terms and are in the overall best interests of the company and its shareholders.