Houpu Shares: Announcement on Lifting the Freeze on the Account of Raised Funds
Securities code: 300471 Securities abbreviation: Houpu Co., Ltd. Announcement number: 2026-044 Houpu Clean Energy (Group) Co., Ltd.
Announcement on Lifting the Freeze of Raised Fund Accounts
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or major omissions.
1. Basic situation of frozen raised funds account
On October 30, 2025, the Xindu District People's Court of Chengdu City, Sichuan Province (hereinafter referred to as the "Xindu Court") issued (2025) Sichuan 0114 Zhibao No. 5713, (2025) Sichuan 0114 Zhibao No. 5714 "Execution Ruling" No. 1 approved the applicants Sichuan Construction Mechanization Engineering Co., Ltd. and Guizhou Jiuneng Construction Engineering Co., Ltd. Chengdu Branch's pre-litigation property preservation application against Houpu Clean Energy (Group) Co., Ltd. (hereinafter referred to as the "Company") and its subsidiaries, and ruled to seize or freeze the property in the name of the company and its subsidiaries totaling 19.1023 million yuan. Affected by the above-mentioned litigation matters, 19.1023 million yuan of funds in the raised funds account opened by the company at the cooperative branch of Chengdu Rural Commercial Bank Co., Ltd. were judicially frozen. The purpose of the raised funds is to supplement working capital, accounting for 4.60% of the company's net funds raised from issuing stocks to specific targets in 2024, and the freezing period is from October 30, 2025 to October 30, 2026.
The two construction project-related contract dispute cases involving the above-mentioned property preservation are currently being heard by the Xindu Court of first instance. The hearings have been opened and are in the stages of reconciliation and judicial appraisal (evidence and cross-examination). There is uncertainty in the final trial results.
2. Unfreeze of raised funds account
In order to ensure the safety of the funds raised, the company and its wholly-owned subsidiary Chengdu Houpu Hydrogen Energy Technology Co., Ltd. (hereinafter referred to as "Hopu Hydrogen Energy") filed a property replacement application with the Xindu Court, requesting that the freeze on the company's fund-raising account be lifted by freezing the general settlement account of its own funds under the name of Houpu Hydrogen Energy. The Xindu Court has ruled to agree to the replacement application.
After the company inquired and confirmed with the bank where the account was opened, the above-mentioned property replacement has been actually implemented: the Chengdu Rural Commercial Bank Co., Ltd. West Branch account (account number: 1000060007884891) under the name of Hopu Hydrogen Energy has been frozen for 19.1023 million yuan; in the company's raised funds account, (2025) Sichuan 0114 Guarantee No. 5713, (2025) Sichuan 0114 Guarantee No. 5714 A total of RMB 19.1023 million in frozen funds under the two cases has been completely unfrozen. As of the date of this announcement, the raised funds account is in normal condition and has resumed normal use.
3. Impact on the company
This property replacement is a reasonable measure taken by the company to ensure the safety of raised funds. After the replacement is completed, the company's raised capital account has returned to normal use and will not have a major adverse impact on the company's normal production and operations.
The above-mentioned frozen accounts of Houpu Hydrogen Energy are general settlement accounts, and the frozen funds are its own funds, accounting for approximately 3% of the company's unaudited monetary funds at the end of the first half of 2026. The proportion is relatively small and will not affect its daily capital turnover and daily settlement. It will not have a major adverse impact on the daily operations of the company and Houpu Hydrogen Energy.
Announcement is hereby made.
Houpu Clean Energy (Group) Co., Ltd. Board of Directors
September 18, 2026