Pearl River Holdings: Adjusts the size of the 2023 private placement to not exceed 738 million yuan.

Pearl River Stock Announcement: The 11th Board of Directors of the company deliberated and passed the proposal on adjusting the fundraising scale for the issuance of A-shares to specific objects in 2023 at the 5th meeting of 2025. The total fundraising amount has been adjusted from no more than 748 million yuan to no more than 738 million yuan, and the number of shares to be issued has been adjusted from no more than 256 million shares to no more than 253 million shares. The funds raised, after deducting related issuance expenses, will be used entirely for supplementing working capital and repaying debts. According to the authorization from the 4th and 3rd Extraordinary General Meetings of Shareholders in 2023 and 2024 respectively, the adjustments in the issuance plan mentioned in this proposal fall within the scope of the Board of Directors' authorization from the shareholders' meetings, therefore it is not required to be submitted to the shareholders' meeting for approval.