Huatong Cable announced that the company held the 16th meeting of the fourth board of directors on July 20, 2026 to consider and approve the termination of the issuance of convertible corporate bonds to unspecified targets. Previously, the company planned to raise no more than 800 million yuan for projects such as oil service continuous pipe and intelligent pipe cable expansion. This termination takes into account factors such as the company's operations and development plans, and will not have a significant adverse impact on the normal operation of the company, nor harm shareholders' interests. According to the mandate, the matter does not need to be submitted to the shareholders' meeting for consideration.

Huatong Cable announced that the company held the 16th meeting of the fourth board of directors on July 20, 2026 to consider and approve the termination of the issuance of convertible corporate bonds to unspecified targets. Previously, the company planned to raise no more than 800 million yuan for projects such as oil service continuous pipe and intelligent pipe cable expansion. This termination takes into account factors such as the company's operations and development plans, and will not have a significant adverse impact on the normal operation of the company, nor harm shareholders' interests. According to the mandate, the matter does not need to be submitted to the shareholders' meeting for consideration.