Knight Dairy announced that the company held a board meeting on December 22, 2025 to review and pass the “Proposal on Using Raised Funds to Provide Loans to Holding Subsidiaries to Pay Payments Related to Fund-raising Projects”. It was agreed to use the funds raised to provide an interest-bearing loan to the holding subsidiary Ordos Knights Kubuqi Animal Husbandry Co., Ltd. The loan amount shall not exceed 40.3085 million yuan, with an annual interest rate of 4.5%. The purpose of this loan is to ensure the smooth payment of the amount to be paid for the implementation of the fund-raising project. The funding source is the final payment for the pending project and equipment set aside after the completion of the “Knight Dairy Dairy Cow Breeding Project”. The loan shall be used exclusively to pay the outstanding amount formed during the settlement of the fund-raising project, and shall not be used for other purposes.

Knight Dairy announced that the company held a board meeting on December 22, 2025 to review and pass the “Proposal on Using Raised Funds to Provide Loans to Holding Subsidiaries to Pay Payments Related to Fund-raising Projects”. It was agreed to use the funds raised to provide an interest-bearing loan to the holding subsidiary Ordos Knights Kubuqi Animal Husbandry Co., Ltd. The loan amount shall not exceed 40.3085 million yuan, with an annual interest rate of 4.5%. The purpose of this loan is to ensure the smooth payment of the amount to be paid for the implementation of the fund-raising project. The funding source is the final payment for the pending project and equipment set aside after the completion of the “Knight Dairy Dairy Cow Breeding Project”. The loan shall be used exclusively to pay the outstanding amount formed during the settlement of the fund-raising project, and shall not be used for other purposes.