Henan Yicheng New Energy Co., Ltd. Announcement on Confirmation of 2025 Annual Related Party Transactions
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
I. Basic Situation of Related Party Transactions
(I) Overview of Related Party Transactions
On April 21, 2026, the Seventh Board of Directors' Third Meeting of Henan Yicheng New Energy Co., Ltd. (hereinafter referred to as the "Company") deliberated and passed the "Proposal on Confirmation of 2025 Annual Related Party Transactions." According to the Company's business development needs, the planned related party transactions for 2025 were RMB 323,826.75 million, with actual occurrences of RMB 162,315.23 million, which did not exceed the projected amount. Related directors Mr. Du Yonghong, Mr. Wang Shaofeng, and Mr. Xu Jinpeng abstained from voting on this proposal. This proposal has been reviewed in advance by the Independent Directors' Special Meeting and has obtained unanimous consent. This proposal needs to be submitted to the Company's 2025 Shareholders' Meeting for deliberation, and related shareholders need to abstain from voting.
(II) Actual Situation of 2025 Annual Related Party Transactions
The Company's planned related party transactions for 2025 were RMB 323,826.75 million, with actual occurrences of RMB 162,315.23 million, which did not exceed the projected amount. There is a certain difference between the actual related party transactions in 2025 and the projected amount, mainly due to adjustments made by the Company based on market changes. This is reasonable and does not harm the interests of the Company and its shareholders. It will not have a significant impact on the Company's current and future financial position and operating results, nor will it affect the Company's independence. The specific situation is as follows: