Notice of the First Extraordinary Shareholders’ Meeting of Shanghai PAI Neng Energy Technology Co., Ltd. in 2025
Shanghai PAI Neng Energy Technology Co., Ltd. (hereinafter referred to as “the Company”) is pleased to announce the convening of its first extraordinary shareholders’ meeting for the year 2025.
This notice serves to inform all shareholders of the details regarding the meeting, which will be held on October 24, 2025. The meeting will be conducted both in-person and via online voting.
Meeting Details
- Type of Meeting: First Extraordinary Shareholders’ Meeting of 2025
- Convener: Board of Directors
- Voting Method: Combination of in-person and online voting
- Date and Time: October 24, 2025, at 14:30
- Location: Shanghai Boya Hotel, 699 Bibo Road, Zhangjiang, Pudong New District, Shanghai
Online Voting Information
The online voting system will be the Shanghai Stock Exchange Shareholders’ Meeting Online Voting System. The voting period will be from October 24, 2025, to October 24, 2025. The specific time for voting via the trading system is:
- Trading Hours: 9:15-9:25, 9:30-11:30, 13:00-15:00
- Internet Voting: 9:15-15:00 on the day of the meeting
Important Notice
The Board of Directors and all directors guarantee that the content of this announcement does not contain any false records, misleading statements, or significant omissions, and they bear legal responsibility for the truthfulness, accuracy, and completeness of the content.
Company Overview
As of September 30, 2025, the Company has made amendments to certain articles of its articles of association. The amendments do not include substantial revisions to other provisions, and are to be finalized upon approval by the market supervision and administration department. These changes include adjustments in article numbering, cross-references, and punctuation, as well as terminology updates in accordance with the latest Company Law.
Upcoming Changes in Management Policies
In line with the latest regulations and the actual situation of the Company, certain management policies have been revised. The revised policies have been approved during the 30th meeting of the third Board of Directors and will be submitted for shareholder approval.
Investment Project Updates
Regarding the adjustments to the fundraising investment projects, the board has resolved to postpone the expected completion dates for the “PAI Neng Technology 10GWh Lithium Battery R&D and Manufacturing Base Project” and the “PAI Neng Technology Headquarters and Industrialization Base Project.” This adjustment is based on the current implementation progress and market conditions.
Financial Overview
The Company has successfully raised a total of 4,999,999,865.00 RMB through the issuance of 20,060,180 ordinary shares at a price of 249.25 RMB per share. After deducting issuance costs, the net amount raised is 4,977,034,099.52 RMB.
Conclusion
The Company emphasizes that the adjustments made to the investment projects are prudent decisions made in light of current market dynamics and operational strategies. The Board of Directors will continue to monitor relevant conditions and respond appropriately to ensure the successful implementation of all projects.
For any inquiries or further details, please contact us.
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