Hainan Drinda board proposes credit lines, capital management, and governance revisions

Hainan Drinda New Energy Technology Co., Ltd. announced an extraordinary general meeting (EGM) to be held on December 24, 2025, to consider and approve several key resolutions for 2026. These include a proposed application for a comprehensive credit line of up to RMB 15 bn to support daily operations and working capital. The company also seeks approval to provide external guarantees totaling RMB 14 bn, covering new and existing guarantees, for its own entities and subsidiaries.

Additionally, the EGM will address the proposed utilization of idle internal funds for cash management, with an investment limit not exceeding RMB 2 bn. These funds will be invested in highly liquid, secure wealth management products with maturity periods not exceeding 12 months. The proposals also include revisions to internal governance policies, such as the Rules of Procedure for Shareholders’ Meetings, Rules of Procedure for Board Meetings, Fundraising Management System, and External Guarantee Management System.

The monthly return of movements in securities for the month ended November 30, 2025, shows no changes in the company's issued H shares or A shares during the period. The total issued H shares remain at 63,432,300, and A shares remain at 227,415,576. No share options were exercised in November 2025.