Nabai Chuan: Proposed to use 632 million yuan of raised funds to replace 119 million yuan of previously invested self-raised funds.

Napai River announcement stated that the company held a board meeting on January 21, 2026, and agreed to use the raised funds to replace the self-raised funds that were previously invested in the fundraising project and the fees paid for the issuance. The company issued a total of 27.9174 million shares for the first time, raising a total of 632 million yuan, with a net amount of 556 million yuan. As of December 12, 2025, the company has already invested a total of 119 million yuan in the fundraising project and paid 4.6326 million yuan in issuance fees with self-raised funds, of which 114 million yuan was invested in the fundraising project and 4.6326 million yuan was paid in issuance fees. The proposed amount to be replaced this time is the same as this amount. This matter does not require approval from the shareholders' meeting.