Minmetals Xinneng announced that with the approval of the Securities Regulatory Authority, the company issued convertible bonds in 2022 to raise 3.25 billion yuan, with an actual net amount of 3,238 billion yuan. Fund-raising projects include projects such as the second phase of expanding production of cathode materials for automotive lithium batteries and an annual output of 60,000 tons of lithium iron phosphate. As of November 27, 2025, the above two projects were completed, with a total investment of RMB 2,156 million and net income from interest and financial management of RMB 31.98,000, with a total savings of RMB 226 million. Savings were mainly due to cost control, partial non-payment and cash management benefits. The company plans to permanently supplement working capital and raise funds for sale in special accounts. The relevant regulatory agreement was terminated, and approved by the board audit committee and sponsor agency.

Minmetals Xinneng announced that with the approval of the Securities Regulatory Authority, the company issued convertible bonds in 2022 to raise 3.25 billion yuan, with an actual net amount of 3,238 billion yuan. Fund-raising projects include projects such as the second phase of expanding production of cathode materials for automotive lithium batteries and an annual output of 60,000 tons of lithium iron phosphate. As of November 27, 2025, the above two projects were completed, with a total investment of RMB 2,156 million and net income from interest and financial management of RMB 31.98,000, with a total savings of RMB 226 million. Savings were mainly due to cost control, partial non-payment and cash management benefits. The company plans to permanently supplement working capital and raise funds for sale in special accounts. The relevant regulatory agreement was terminated, and approved by the board audit committee and sponsor agency.