Li New Energy announced that the board of directors of the company reviewed and passed a bill for the holding subsidiary Qitai County Energy Investment Hechuang Power Generation Co., Ltd. to invest in the construction of the Qitai 2.5 million kilowatt new energy project, including three wind power projects. The total investment is estimated to be 7.320 billion yuan, with own capital accounting for 20%. The rest is bank loans, etc., and plans to apply for new policy financial instruments to inject equity funds into the subsidiary. The bill still needs to be submitted to the shareholders' meeting for consideration. In addition, the board of directors deliberated and passed the resolution to extend the issuance of A-shares to specific targets in 2023 and the bill that the authorization is valid for 12 months each, which still needs to be reviewed by the shareholders' meeting. The company plans to hold the 2026 Third Extraordinary General Meeting of Shareholders on December 1, 2026.

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