The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
Special Reminder:
- This issuance of shares to specific objects requires approval from the company's shareholders' meeting, review by the Shenzhen Stock Exchange, and consent from the China Securities Regulatory Commission (CSRC) for registration before implementation. There is uncertainty regarding whether this issuance will receive the necessary regulatory approvals and the timing of such approvals.
- Hebei Xianhe Environmental Technology Co., Ltd. (hereinafter referred to as "the Company") held the 16th meeting of the 5th Board of Directors on June 8, 2026, and approved the proposal regarding the issuance of shares to specific objects involving related transactions and the signing of a conditional subscription agreement with specific objects. The related transactions involved in this issuance must be submitted to the shareholders' meeting for approval, and related shareholders will abstain from voting.
I. Overview of Related Transactions
On June 8, 2026, the Company held the 16th meeting of the 5th Board of Directors, where it approved the relevant proposals for the issuance of shares to specific objects in 2026 (hereinafter referred to as "this issuance"). The issuance target, Hebei Zhixin Daneng New Energy Technology Co., Ltd. (hereinafter referred to as "Zhixin Daneng"), will subscribe to the shares of the Company in cash, with a total fundraising amount not exceeding RMB 80 million (including this amount). The net amount of funds raised, after deducting related issuance expenses, is intended to be used entirely to supplement working capital. The number of shares subscribed by Zhixin Daneng will be determined by dividing the total fundraising amount by the issuance price, and will not exceed 112,079,300 shares (including this number), nor exceed 30% of the Company's total share capital before this issuance. The final number of shares issued will be determined by the Company's Board of Directors based on the authorization of the shareholders' meeting, in accordance with relevant regulations and in consultation with the sponsor (lead underwriter) after obtaining approval from the Shenzhen Stock Exchange and registration consent from the CSRC. The pricing benchmark date for this issuance is the first day of the issuance period. The issuance price will not be less than 80% of the average trading price of the Company's shares over the 20 trading days prior to the pricing benchmark date (excluding the pricing benchmark date). For specific details, please refer to the relevant announcements disclosed on the China Securities Regulatory Commission's designated information disclosure website, Giant Tide Information Network (http://www.cninfo.com.cn).
The issuance target, Zhixin Daneng, is the controlling shareholder of the Company. According to the relevant provisions of the Shenzhen Stock Exchange's listing rules for Growth Enterprise Market stocks, this issuance constitutes a related transaction but does not constitute a major asset restructuring as defined by the Measures for the Administration of Major Asset Restructuring of Listed Companies. This transaction requires approval from the shareholders' meeting, review by the Shenzhen Stock Exchange, and consent from the CSRC for registration before implementation, and related shareholders will abstain from voting on the relevant proposals at the shareholders' meeting.