GF Securities concludes sponsorship of Linyang Energy

GF Securities Co., Ltd. has officially concluded its continuous supervision period for Jiangsu Linyang Energy Co., Ltd. All dedicated fundraising accounts have been closed, and GF Securities’ obligations regarding the use of raised funds have ceased, aligning with relevant regulatory requirements from the China Securities Regulatory Commission and the Shanghai Stock Exchange.

During the sponsorship, Linyang Energy undertook two main securities issuances: a private placement of shares, which listed on May 10, 2016, and a public issuance of convertible corporate bonds, which listed on November 13, 2017. GF Securities confirmed that Linyang Energy's information disclosure during the continuous supervision period was factual, accurate, complete, and free from misleading statements, omissions, or misrepresentations.

The use of raised funds by Linyang Energy complied with all relevant regulations, including dedicated account storage and specific use, without altering investment directions or harming shareholder interests. One notable change during the continuous supervision period was the replacement of sponsoring representative Li Zonggui by Yuan Haifeng in August 2020 due to personal reasons. The report was signed by sponsoring representatives Meng Xiaoxiang and Yuan Haifeng, and legal representative Lin Chuanhui, on September 26, 2025.