Securities Code: 001209 Securities Abbreviation: Hongxing Co., Ltd. Announcement No.: 2026-019
Guangdong Hongxing Industrial Co., Ltd.
Announcement on the Confirmation of the Use of Idle Raised Funds for Cash Management
The Company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
Guangdong Hongxing Industrial Co., Ltd. (hereinafter referred to as "the Company") convened the eighth meeting of the third Board of Directors on April 27, 2026, and reviewed and approved the proposal on the confirmation of the use of idle raised funds for cash management. The specific situation is announced as follows:
I. Basic Information on the Raised Funds
(1) Actual Amount of Raised Funds and Time of Fund Arrival
According to the approval document "Zheng Jian Xu Ke [2021] No. 1816" from the China Securities Regulatory Commission regarding the approval of Guangdong Hongxing Industrial Co., Ltd.'s initial public offering of stocks, the Company was authorized to issue 23,486,500.00 shares of RMB ordinary shares [A shares] to domestic investors, with a par value of 1 yuan per share and an issue price of 29.88 yuan per share, raising a total of 701,776,620.00 yuan. After deducting the total issuance expenses of 60,875,920.00 yuan (excluding value-added tax), the actual net amount of raised funds was 640,900,700.00 yuan. The arrival of the above-mentioned raised funds has been verified by Huaxing Certified Public Accountants (Special General Partnership), which issued the verification report "Huaxing Yan Zi [2021] No. 21000780108" on July 15, 2021.
(2) Amount and Balance of Raised Funds Used in 2025
As of December 31, 2025, the usage of funds raised from the initial public offering of stocks is as follows:
Monetary Unit: RMB Yuan
| Item | Amount | |
|---|---|---|
| Net amount of raised funds | 640,900,700.00 | |
| Plus: Accumulated interest income net of handling fees | 10,935,685.37 | |
| Less: Amount used in previous years | 596,779,472.67 | |
| Amount used in this reporting period | 19,472,372.58 |
Amount transferred out as permanent working capital: 28,724,520.75
Total: 6,860,019.37
As of December 31, 2025, the total unused raised funds of 6,860,019.37 yuan are all deposited in a special account for raised funds.
II. Confirmation of the Use of Idle Raised Funds for Cash Management