Knight Dairy Products: Use the raised funds to provide loans to the holding subsidiary in an amount not exceeding 40.3085 million yuan.

Knight Dairy Industry Announcement: The company will hold a board meeting on December 22, 2025 to review and approve the "Proposal to Use Raised Funds to Provide Loans to Subsidiaries for Payment of Outstanding Payments Related to the Raised Investment Projects". It was agreed to use the raised funds to provide interest-bearing loans to the subsidiary, Ordos Knight Kubuqi Livestock Co., Ltd., with a loan amount not exceeding 40,308,500 RMB at an annual interest rate of 4.5%. The purpose of this loan is to ensure the smooth payment of outstanding payments for the implementation of the raised investment projects, with the funds coming from the reserves for outstanding payments for the Knight Dairy Cow Farming Project after completion. The loan will be specifically used for paying off outstanding payments generated during the final accounting of the raised investment projects and cannot be used for other purposes.