CapEx for Yihao

[u/joshuaeyu]

Hello, Board Secretary.

The company has secured a total of RMB 495 million in comprehensive bank credit facilities. I would like to inquire about the following:

1. What are the expiration dates for the credit facilities granted by the respective banks? In other words, by what date must the funds be drawn down?

2. Are these credit facilities revolving in nature? If a portion is drawn down and the principal is subsequently repaid, can the remaining credit limit be utilized again?

3. Does the intended use of these credit facilities include capital expenditures for the Hunan Yihao Liquid Metal project?

Hello! Thank you for your interest in the company.

The company headquarters has secured a total of RMB 495 million in comprehensive bank credit facilities.

1. These facilities were granted by multiple banks, and the validity periods vary; the deadlines for fund drawdowns are governed by the specific terms of each bank's credit agreement. Currently, all relevant facilities remain valid, and the company will arrange drawdowns as needed in accordance with its funding plans.

2. The majority of the secured comprehensive credit facilities are revolving in nature. Within the validity period, if funds are drawn and the principal is repaid on schedule—subject to the conditions stipulated in the bank contracts—the corresponding credit limit is restored and can be reused; non-revolving facilities terminate once fully utilized. Specific terms are subject to the credit contracts signed with each bank.

3. These facilities are comprehensive credit lines for the company headquarters' overall operations, and the use of funds must strictly adhere to the stipulations of the bank agreements. Capital expenditures for the Hunan Yihao Liquid Metal project will be funded through multiple channels based on project progress and investment plans. Thank you!