I. Basic Situation of Capital Increase and Related Transactions
Beijing Energy Holding Group Co., Ltd. (hereinafter referred to as "the Company") held its 6th board meeting on June 30, 2025, and approved the proposal regarding the termination of the capital increase and related transactions of its wholly-owned subsidiary. The Company planned to attract new investments for its wholly-owned subsidiary, Beijing Energy Technology Co., Ltd. (hereinafter referred to as "Beijing Energy Tech"), to enhance its capital structure. The total investment was approximately 489.68 million, with a planned investment of 480 million from a strategic investor.
II. Progress of Capital Increase and Related Transactions
During the 6th board meeting in 2026, the Company approved the proposal on the capital increase of its wholly-owned subsidiary. The board also discussed the relevant investment agreements and established related cooperation and transaction frameworks.
III. Reasons for Termination of Capital Increase
The Company aims to strengthen its core business capabilities and enhance development efficiency, focusing on the overall development of its subsidiaries.
IV. Impact of Termination of Capital Increase on the Company
The termination of the capital increase will not adversely affect the Company's operations and financial situation. The Company will continue to monitor market conditions and adjust its investment strategies accordingly.
Special Announcement.
Beijing Energy Holding Group Co., Ltd.
Board of Directors
April 29, 2026