New Hope: the controlling shareholder pledged 474 million shares of the company for the issuance of convertible bonds.

New Hope announced that its controlling shareholder, New Hope Group, plans to privately issue 2026 convertible corporate bonds and has received a no objection from the Shenzhen Stock Exchange. To ensure the exchange of stocks and payment of interest to bondholders, on January 15, New Hope Group pledged 474 million shares to China International Finance Limited, with the pledge term until the date of registration removal. This pledge does not involve performance compensation, does not affect the company's operations, and the company will disclose timely information regarding the subsequent issuance of bonds.