Core Energy Technology: Intends to terminate some of the raised investment sub-projects and permanently supplement working capital by 165 million yuan.

Xin Neng Technology announced that the company plans to terminate certain sub-projects of the "Distributed Photovoltaic Power Station Construction Project" in the convertible corporate bonds raised in 2023, as they no longer meet the implementation conditions according to the latest assessment. The remaining funds raised for this project, amounting to 165 million yuan, will be permanently added to the working capital. The proposal has been approved at the 16th meeting of the fifth board of directors of the company, and still needs to be reviewed by the shareholders' meeting and bondholders' meeting.