Hubei Energy: Set up a fundraising special account and sign three-party and four-party supervision agreements.

Hubei Energy announced that the company issued 597,938,144 shares to specific entities, raising a total of 2.899 billion yuan. After deducting issuance expenses, the actual net amount raised was 2.894 billion yuan, which was transferred to the designated account on October 17, 2025. In order to regulate management, the company has set up a special account for the raised funds and signed tripartite and quadripartite supervision agreements with the Bank of China Hubei Branch and the sponsor, CITIC Securities. The agreements provide detailed regulations on the use of the funds, cash management, and responsibilities of all parties, in order to ensure that the raised funds are used for the Lotian Pingtan Yuan Pumped Storage Power Station project.