New Hope Liuhe utilizes idle funds, shareholder repurchases convertible bonds

New Hope Liuhe Co., Ltd. will temporarily use up to 110 million yuan of idle raised funds to supplement working capital for up to 12 months, effective September 4, 2025. This decision aims to reduce financial costs by an estimated 1.65 million yuan and improve fund efficiency without affecting ongoing investment projects or altering the original use of the raised capital. As of September 2, 2025, the company's dedicated raised funds account held 118.1436 million yuan, including interest and fees. This follows a previous similar use of 110 million yuan in idle funds, which has since been fully repaid.

The company's non-public offering in 2020 raised a net amount of 3,994,750,464.69 yuan, primarily for pig farming projects and working capital. As of June 30, 2025, 3,886,555,900 yuan of the total raised funds of 3,994,750,464.69 yuan had been utilized across various projects.

Concurrently, New Hope Liuhe's controlling shareholder, New Hope Group Co., Ltd., completed a partial repurchase of its "23 Hope E1" convertible bonds. The repurchase period from August 15 to August 19, 2025, resulted in the buyback of 850,000 bonds, which were settled on September 3, 2025. Following this, the remaining principal amount of "23 Hope E1" bonds is 4,745,570,000.00 yuan. The repurchased bonds will be canceled, and associated collateral will be released.