Xinte Energy released its 2025 board report and AGM circular, highlighting a return to loss, tighter cash conditions, and several governance proposals scheduled for shareholder approval on 16 June 2026 in Urumqi.

Financial Performance (FY 2025, CASBE basis) • Revenue: RMB15.25 billion • Operating cost: RMB13.83 billion • Net loss attributable to shareholders: RMB1.21 billion • Operating cash outflow: RMB2.12 billion • Investing cash outflow: RMB2.90 billion • Financing cash inflow: RMB5.52 billion • Year-end cash and equivalents: RMB6.01 billion

Balance Sheet (31 Dec 2025) • Total assets: RMB82.12 billion • Total liabilities: RMB45.07 billion • Shareholders’ equity: RMB37.05 billion

Dividend Policy Given the annual loss and “considerable pressures” expected in 2026, the board proposes no final dividend for 2025.

Governance & AGM Proposals 1. Directors’ allowances for 2026: RMB200,000 (independent) and RMB160,000 (others) before tax, paid quarterly. 2. Re-appointment of ShineWing as auditor for 2026; estimated audit fee RMB3.30 million. 3. Guarantee cap for subsidiaries: up to RMB1.00 billion, rolling until the 2026 AGM. 4. Appointment of Mr. Johnny Kin On Sin as independent non-executive director; term runs until the end of the fifth board session. 5. General mandate to issue, allot or transfer up to 20% of issued shares (≈286.00 million shares based on current capital); authority valid until the earlier of the next AGM, 12 months, or revocation. 6. Amendments to Articles to add “heat production and supply” to approved business scope and to formalise electronic voting at shareholder meetings.

Key Dates • Register closure for AGM eligibility: 11–16 June 2026 • Proxy submission deadline: 15 June 2026 • AGM: 16 June 2026, 11:00 a.m., R&D Building, Urumqi.

The board recommends shareholders vote in favour of all resolutions.