Stock Code: 002379 Stock Abbreviation: Hongqiao Holdings Announcement No.: 2026-038 Shandong Hongqiao Aluminum Holdings Co., Ltd. Announcement on Re-opening Special Account for Raised Funds and Signing Supervision Agreement After Changing Use of Raised Funds The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.
I. Basic Situation of Raised Funds Upon approval of the "Approval on Non-public Offering of Shares by Shandong Hongqiao Aluminum Holdings Co., Ltd." (Securities Regulatory License [2023] No. 33) by the China Securities Regulatory Commission, Shandong Hongqiao Aluminum Holdings Co., Ltd. (hereinafter referred to as the "Company") issued 209,973,753 shares to specific targets at an issue price of RMB 3.81 per share. The total raised funds amounted to RMB 799,999,998.93. After deducting issuance expenses of RMB 13,801,241.88 (excluding VAT), the net raised funds amounted to RMB 786,198,757.05. The raised funds from the aforementioned offering were verified by Daixin Certified Public Accountants (Special General Partnership), who issued the "Capital Verification Report of Shandong Hongqiao Aluminum Holdings Co., Ltd." (Daxin Verification [2023] No. 3-00013) on July 13, 2023. The Company has implemented a special account storage measure for the raised funds and has established relevant special accounts for raised funds.
II. Situation of Opening Special Account for Raised Funds and Signing the "Tripartite Supervision Agreement for Raised Funds" On March 19, 2026, the Company held its second meeting of the seventh Board of Directors, which deliberated and approved the "Proposal on Changing the Use of Part of the Raised Funds" and the "Proposal on Changing the Special Account for Part of the Raised Funds and Authorizing the Signing of the Tripartite Supervision Agreement." On April 13, 2026, the Company held its 2025 Annual Shareholders' Meeting, which deliberated and approved the "Proposal on Changing the Use of Part of the Raised Funds." It was agreed to use the uninvested raised funds from the "Recycled Aluminum Deep Processing Project with an annual output of 100,000 tons" for the "Yunnan Electrolytic Aluminum Production Project." It was agreed to open a new special account for raised funds for the "Yunnan Electrolytic Aluminum Production Project" and sign a tripartite supervision agreement for raised funds with the sponsor and the bank where the new account is opened. An amount of RMB 576,049,400 (including wealth management income and interest income, the actual amount will be subject to the balance on the day of fund transfer) will be transferred to the new special account for storage and management.