Wanrun Xinneng announced that the company plans to reduce capital for its holding subsidiary Lubei Wanrun Smart Energy Technology Co., Ltd., and the minority shareholders Lubei Group and Shenzhen Sega will reduce their pledged capital by 174 million yuan and 177 million yuan respectively; after the capital reduction was completed, Lubei Wanrun's registered capital was reduced from 270 billion yuan to 2,349 billion yuan, and the company's shareholding ratio increased from 85.19% to 97.91%. Lubei Wanrun is still a holding subsidiary, and the scope of the consolidated statement remains unchanged. In addition, the company and its subsidiaries plan to continue to carry out commodity futures options hedging business. The maximum deposit amount shall not exceed 500 million yuan, and the maximum contract value shall not exceed 3.0 billion yuan on any trading day. The limit is valid for 12 months from the date of review and approval by the shareholders' meeting. The above matters are yet to be reviewed by the 3rd Extraordinary General Meeting of Shareholders in 2026.

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