Shenneng Co., Ltd.: Establishment of a special account for raised funds from convertible bonds and signing of a supervision agreement.

Shenneng Co., Ltd. announced that, with the approval of the China Securities Regulatory Commission, the company will issue 20 million convertible corporate bonds to unspecified parties, raising a total of 2 billion yuan. After deducting issuance costs, the actual net amount raised is 1.991 billion yuan. As of July 30, 2026, the raised funds have been transferred to a designated account. The company and its subsidiaries have signed a tripartite and quadripartite "Regulatory Agreement" with the sponsor institution and the Shanghai branch of China Merchants Bank, and set up a special account for the raised funds, in which the company account holds 1.992 billion yuan for the purpose of supplementing working capital.