Securities Code: 002379
Securities Abbreviation: Hongqiao Holdings
Shandong Hongqiao Aluminum Holdings Co., Ltd.
(No. 12, South Side of Huixian 1st Road, Zouping City Economic Development Zone, Binzhou City, Shandong Province)
Hongqiao Holdings
2026 Annual Report on the Feasibility Analysis of the Use of Proceeds from Issuance of Shares to Specific Objects
July 2026
Shandong Hongqiao Aluminum Holdings Co., Ltd. (hereinafter referred to as "Hongqiao Holdings" or "the Company") was listed on the Main Board of the Shenzhen Stock Exchange. To further enhance the Company's sustainable development capabilities and promote business growth, in accordance with the "Company Law of the People's Republic of China" (hereinafter referred to as "Company Law"), the "Securities Law of the People's Republic of China" (hereinafter referred to as "Securities Law"), and the "Administrative Measures for the Registration of Issuance of Shares by Listed Companies" (hereinafter referred to as "Registration Measures") and other relevant laws and regulations, the Company has formulated this Feasibility Analysis Report on the Use of Proceeds from Issuance of Shares to Specific Objects (hereinafter referred to as "this Report").
Unless otherwise specified, the terms used in this Report are consistent with the meaning of "Shandong Hongqiao Aluminum Holdings Co., Ltd. 2026 Annual Report on the Feasibility Analysis of the Issuance of Shares to Specific Objects".
I. Plan for the Use of Proceeds from Issuance to Specific Objects
The total amount of proceeds from the issuance to specific objects shall not exceed RMB 12.00 billion (inclusive). After deducting issuance expenses, the net proceeds from the issuance will be used for the following projects:
| No. | Project Name | Total Investment (RMB Billion) | Planned Use of Proceeds (RMB Billion) |
|---|---|---|---|
| 1 | Wind Power Project (11 sub-projects) | 58.99 | 56.50 |
| 2 | Photovoltaic Project (6 sub-projects) | 23.70 | 22.50 |
| 3 | Aluminum Deep Processing Project (2 sub-projects) | 39.95 | 23.00 |
| 4 | Repayment of Bank Loans and Supplementation of Working Capital | 18.00 | 18.00 |
| Total | 140.64 | 120.00 |
The portion of the total project investment exceeding the net proceeds from the issuance will be resolved through the Company's own funds or other financing methods. The Board of Directors may adjust the order and amount of proceeds invested in the projects based on the authorization of the Shareholders' Meeting. If the Company uses its own funds for advance investment in projects before the proceeds from this issuance are in place, the advance investment portion will be replaced by the proceeds from this issuance after they are in place.
If the actual amount of proceeds raised is less than the planned investment amount for the projects, the Company will adjust the specific investment projects and the investment amount for each project based on the actual amount of proceeds raised, the importance and timeliness of the projects, etc., within the scope of the finalized investment projects for this issuance.