Yunnan Energy New Material closes fundraising accounts for 2021 A-share issuance

Yunnan Energy New Material Co., Ltd. has announced the successful closure of several dedicated fundraising accounts related to its 2021 non-public issuance of A-shares. The issuance, approved by the China Securities Regulatory Commission, involved 85,421,412 shares at RMB 87.80 per share, raising a total of RMB 7,499,999,973.60. After deducting issuance expenses, the net proceeds amounted to RMB 7,453,546,101.02.

The funds were allocated to various projects, including the Chongqing Enjie High-Performance Lithium-ion Battery Micro-Porous Separator projects, Jiangsu Enjie Power Vehicle Lithium-ion Battery Separator Industrialization Project, Jiangsu Ruijie Power Vehicle Lithium-ion Battery Aluminum-Plastic Film Industrialization Project, and Suzhou Jieli Annual 200 Million Square Meters Lithium-ion Battery Coated Separator Project. Several accounts related to these projects have been closed, with the latest being the account for the Jiangsu Ruijie project with CITIC Bank Corporation Limited Shanghai Branch, which had a zero balance as of the announcement date.

The company has completed all necessary procedures for these account closures, and the corresponding regulatory agreements with CITIC Securities and the banks have been terminated. The final closure occurred on October 24, 2025.