Announcement on Terminating the 2025 Private Placement of A Shares and Reviewing the 2026 Private Placement of A Shares Plan

Sino Geophysical Co., Ltd.·August 5, 2026·2 pages

✨ AI Summary

The company announces the termination of its 2025 private placement plan due to the successful development of the Wuzhou 5-3 oilfield, which has been funded through alternative means. The board will now review a new private placement plan for 2026. This decision reflects a change in financing needs after the oilfield's operational success.

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Full Translation

AI Translation· gemini_document

Stock Code: 300191

Stock Abbreviation: Qianneng Hengxin

Announcement No.: 2026-041

Qianneng Hengxin Energy Technology Co., Ltd.

Announcement on Terminating the 2025 Private Placement of A Shares and Reviewing the 2026 Private Placement of A Shares Plan

The board of directors and all directors guarantee that this announcement contains no false representations, misleading statements, or significant omissions, and they shall bear legal responsibility for the authenticity, accuracy, and completeness of its content.

Qianneng Hengxin Energy Technology Co., Ltd. (hereinafter referred to as the "Company")'s 2025 plan for private placement of A shares to specific targets was deliberated and approved at the Fifth Meeting of the Sixth Board of Directors held on May 9, 2025, and the 2025 Second Extraordinary General Meeting of Shareholders held on August 5, 2025.

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