The first simplified procedure is launched after the new policy on refinancing by the Beijing Stock Exchange.

On March 16th, Haineng Technology announced that it plans to seek authorization from the shareholders' meeting to allow the board of directors to issue shares to specific entities through a simplified procedure. This makes Haineng Technology the first company to disclose a notice related to simplified refinancing procedures since the launch of the North Exchange's optimized refinancing measures on February 9th this year. This signifies that the North Exchange's optimized refinancing measures are accelerating implementation, providing a valuable experience for other listed companies. The focus of the North Exchange's optimized refinancing this time is to enhance institutional inclusiveness and convenience, supporting innovative small and medium-sized enterprises in efficiently continuing their financing.