Liqin Resources announced that with the approval of the “Approval for the Registration of Ningbo Liqin Resources Technology Co., Ltd.'s initial public offering” issued by the China Securities Regulatory Commission, Ningbo Liqin Resources Technology Co., Ltd. issued an initial public offering of RMB 172,890,000 shares, with a face value of RMB 1.00 per share and an issue price of RMB 21.23 per share. The total amount of capital raised was RMB 3,670,454,700.00. The actual net amount of capital raised after deducting the relevant issuance fees was RMB 3,404,188,461.02 yuan. The above raised funds were transferred to the company's designated account on September 24, 2026. Ernst & Young Huaming has examined the availability of funds raised in this offering and issued a “Capital Verification Report”. The company and its subsidiaries have stored the raised funds in a special fund raising account established for this offering, and have signed a “Fund Raising Supervision Agreement” with the sponsor and the commercial bank that holds the raised funds to manage the storage and use of the raised funds in a special account.

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