Yi Dazong Holdings Limited (“Yi Dazong”) announced on 17 May 2024 that its wholly-owned subsidiary Inner Mongolia Haotong Energy Co., Ltd., has been granted a comprehensive trust of not more than RMB150 million by the Inner Mongolia Autonomous Region Branch of the Bank of China, which will be granted from 1 April 2024. For a period of one year, liquidity and trade financing will be used for day-to-day operations. To this end, Yai Dazong agreed to provide a corporate guarantee of not more than RMB 180 million to guarantee the fulfillment of its obligations by Inner Mongolia. The Board considers that this move will enhance cash flow in Inner Mongolia and be in the overall interests of the Company and its shareholders.

Yi Dazong Holdings Limited (“Yi Dazong”) announced on 17 May 2024 that its wholly-owned subsidiary Inner Mongolia Haotong Energy Co., Ltd., has been granted a comprehensive trust of not more than RMB150 million by the Inner Mongolia Autonomous Region Branch of the Bank of China, which will be granted from 1 April 2024. For a period of one year, liquidity and trade financing will be used for day-to-day operations. To this end, Yai Dazong agreed to provide a corporate guarantee of not more than RMB 180 million to guarantee the fulfillment of its obligations by Inner Mongolia. The Board considers that this move will enhance cash flow in Inner Mongolia and be in the overall interests of the Company and its shareholders.