On August 12, 2025, Lixin Energy announced that its shareholder Shandong Electric Power Construction, holding 6.6813% of the shares, plans to reduce its holdings by no more than 9.3333 million shares, accounting for 1% of the total share capital, within three months after 15 trading days from the date of the announcement. The reason for the reduction is the need for its own operational management, and the shares come from those issued before the initial public offering, which have been released from restrictions as of July 31, 2023. The reduction price will be determined based on market prices, and the reduction will not be less than twice the issue price within twenty-four months after the lock-up period expires. The implementation of this reduction plan is subject to uncertainty and will not have a significant impact on the company's governance and operations, nor does it violate any relevant regulations or commitments