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

Xinneng Technology announced that in the company's convertible bond fundraising project for 2023, the "Distributed Photovoltaic Power Station Construction Project" sub-project has been evaluated to no longer meet the implementation conditions. It is proposed to terminate this sub-project and permanently supplement the remaining funds raised for working capital, for daily production and operation, and business development. This decision has been approved by the 16th meeting of the fifth board of directors of the company, and this adjustment will not affect the investment and operation pace of the distributed photovoltaic power station projects unrelated to fundraising. The company's first extraordinary general meeting of shareholders in 2026 will be held on June 10 with a combination of onsite and online voting to deliberate on this proposal.