Hongqiao Holdings announced that the company's 2026 plan to issue shares to specific targets has been reviewed and approved by the board of directors. There are no more than 35 issuers. The pricing reference date is the first day of the issuance period. The issuance price is not lower than 80% of the average price of the company's A-shares in the 20 trading days before the pricing benchmark date, the number issued does not exceed 10% of the total share capital before issuance, and the total amount of capital raised does not exceed RMB 12 billion. After deducting the issuance fee, it is intended to be used for wind power projects, photovoltaic projects, aluminum deep processing projects, and bank loan repayment and supplementary working capital. The subscribed shares of the issuer shall not be transferred within 6 months from the date the issuance ends.

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