Xuelong Group announced that the company's initial public offering of shares raised a net capital of 432 million yuan. As of December 31, 2025, the total investment in fund-raising projects was 314 million yuan. Due to the simultaneous closure of the R&D center and supporting projects for the entire plant, the company decided to extend the date for the “R&D Technology Center Construction Project” to reach the scheduled state of use until April 30, 2027. The decision has been reviewed by the board of directors and will not have a significant adverse impact on the implementation of the project, nor will it harm shareholders' interests.

Xuelong Group announced that the company's initial public offering of shares raised a net capital of 432 million yuan. As of December 31, 2025, the total investment in fund-raising projects was 314 million yuan. Due to the simultaneous closure of the R&D center and supporting projects for the entire plant, the company decided to extend the date for the “R&D Technology Center Construction Project” to reach the scheduled state of use until April 30, 2027. The decision has been reviewed by the board of directors and will not have a significant adverse impact on the implementation of the project, nor will it harm shareholders' interests.