Kebo Da: It plans to use bank acceptance bills and other methods to pay for the funds raised for investment projects, and to exchange them with equivalent amounts.

Koboda announced that it held a board meeting on July 22, 2026, and approved a proposal to use bank acceptance bills, foreign exchange, and other means to pay for the funds raised for the investment projects and to exchange the funds raised accordingly. The company had previously raised 1.491 billion yuan through the issuance of convertible bonds, with a net amount of 1.481 billion yuan. In order to meet the needs of overseas procurement and to improve fund efficiency, the company plans to proceed with the operation according to the process. This move can improve fund operation efficiency, reduce costs, not affect the progress of the investment projects, and not change the direction of the investment in any way. The sponsor institution has no objection to the proposal, and it does not require approval from the shareholders' meeting.