Announcement on the Use of Part of Idle Raised Funds and Own Funds for Cash Management

Securities Code: 300118 Securities Abbreviation: Oriental Sunrise Announcement No.: 2026-032

Oriental Sunrise New Energy Co., Ltd. Announcement on the Use of Part of Idle Raised Funds and Own Funds for Cash Management

The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.

Oriental Sunrise New Energy Co., Ltd. (hereinafter referred to as the "Company") held the second meeting of the Fifth Board of Directors on April 24, 2026, and deliberated and passed the "Proposal on the Use of Part of Idle Raised Funds and Own Funds for Cash Management." While ensuring that the construction of the investment projects funded by raised funds is not affected and the Company's normal production and operation and fund safety are not compromised, the Company agreed to use idle raised funds not exceeding RMB 50,000,000,000 and own funds not exceeding RMB 30,000,000,000 for cash management. The validity period is 12 months from the date of deliberation and approval by the Board of Directors. Within the above-mentioned limits and validity period, the funds can be used in a revolving manner. At the same time, the Company's Board of Directors authorized the Company's Chairman/President to approve the cash management business plan and related contracts, and agreed that the Chairman/President may re-authorize the Company's financial personnel to make decisions on this business and sign relevant contract documents within the scope of the aforementioned authorization.

The sponsor institution has issued a verification opinion. This matter does not need to be submitted to the Company's shareholders' meeting for deliberation.

The specific situation is hereby announced as follows:

I. Basic Situation of Raised Funds

As approved by the China Securities Regulatory Commission's "Approval on the Registration of Oriental Sunrise New Energy Co., Ltd.'s Private Offering of Shares" (Zhengjian Permit (2022) No. 2161), the Company issued 248,138,957 ordinary shares (A shares) to specific targets at an issuance price of RMB 20.15 per share. The total amount of raised funds was RMB 4,999,999,983.55. After deducting issuance expenses (excluding value-added tax) of RMB 31,464,281.93, the net amount of raised funds was RMB 4,968,535,701.62. The arrival of the above-mentioned raised funds has been audited by Dahua Certified Public Accountants (Special General Partnership), which issued the Dahua Audit Letter (2023) No. 000038 "Oriental Sunrise New Energy Co., Ltd. Capital Verification Report." The Company has implemented a special account deposit system for raised funds, which are deposited in a special account for raised funds approved by the Board of Directors. The Company (including its subsidiaries) has signed a supervision agreement for raised funds with the sponsor institution and the commercial banks where the raised funds are deposited.

II. Plan for the Use of Raised Funds

According to the "Prospectus for the Private Offering of A Shares by Oriental Sunrise New Energy Co., Ltd. in 2022" and combined with the Company's actual net amount of raised funds, after adjustment by the resolution of the 3rd Board of Directors' 42nd meeting, the raised funds from the Company's private offering to specific targets, after deducting issuance expenses, will be used for the following projects: