Li Xin Energy: Shareholder Shandong Electric Construction Company plans to reduce their holdings of the company's shares by no more than 1%.

On August 12, 2025, Hitachi New Energy announced that Shandong Electric Construction, a shareholder holding 6.6813% of the shares, plans to reduce its holdings by no more than 9.3333 million shares, accounting for 1% of the total share capital. The reduction will be conducted through centralized bidding transactions within 3 months after 15 trading days from the disclosure of the announcement. The reason for the reduction is the company's own operational needs, and the shares come from the shares issued before the initial public offering, which were released from restriction on July 31, 2023. The price of the reduction will be determined based on market prices, and within twenty-four months after the lock-up period expires, the reduction price will not be less than twice the issue price. The implementation of this reduction plan has uncertainties, but will not have a significant impact on corporate governance and operations, and does not violate any relevant regulations or commitments.