Securities Code: 001287 Securities Abbreviation: China Electronics Port Announcement No.: 2026-017 Shenzhen China Electronics Port Technology Co., Ltd. Announcement on Using Idle Raised Funds (Including Over-Raised Funds) for Cash Management The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false representations, misleading statements, or material omissions. Shenzhen China Electronics Port Technology Co., Ltd. (hereinafter referred to as the "Company") held its second Board of Directors meeting on April 27, 2026, and approved the "Proposal on Using Idle Raised Funds (Including Over-Raised Funds) for Cash Management." The Company will use no more than RMB 150 million of idle raised funds (including over-raised funds) for cash management, ensuring that the construction of fund-raising projects and normal daily operations are not affected. This amount is valid for 12 months from the date of approval by the Board of Directors and can be used in a revolving manner within the aforementioned amount and period. The relevant matters are hereby announced as follows:
I. Basic Situation of Raised Funds
According to the "Approval for the Initial Public Offering of Shares of Shenzhen China Electronics Port Technology Co., Ltd." (Document No. [2023] 584) issued by the China Securities Regulatory Commission on March 16, 2023, the Company issued 189.975024 million shares of RMB common stock to the public for the first time at an issuance price of RMB 11.88 per share, with a total raised fund of RMB 2,256.9033 million. After deducting relevant issuance expenses, the net amount of raised funds was RMB 2,133.3122 million. The raised funds were transferred to the Company's designated account on April 3, 2023. After verification by Xinyonghe Certified Public Accountants (Special General Partnership) and issuance of the "Capital Verification Report on the Initial Public Offering of Shares of Shenzhen China Electronics Port Technology Co., Ltd." (XYZH/2023SZAA4B0125), the Company has placed all raised funds in special accounts for management.
II. Raised Fund Investment Projects and Fund Usage
As of December 31, 2025, the usage of raised fund investment projects is as follows:
| Serial No. | Project Name | Planned Total Investment (RMB Million) | Cumulative Investment of Raised Funds (RMB Million) |
|---|---|---|---|
| 1 | Innovation and Product Line Expansion Project for New Electronic Components | 90,640.84 | 82,549.81 |
| 2 | Digital Transformation Upgrade Project | 20,517.65 | 6,377.64 |
| 3 | Supplementing Working Capital and Repaying Bank Loans | 38,841.51 | 38,844.92 [Note 1] |
| 4 | Yiancang Smart Supply Chain Project | 15,439.61 | 8,185.51 [Note 2] |
| Total | 165,439.61 | 135,957.88 |
Note 1: The RMB 38,844.92 million invested in the "Supplementing Working Capital and Repaying Bank Loans" project includes interest income from the special account. Note 2: The total investment for the Yiancang Smart Supply Chain Project is RMB 17,000 million, with RMB 15,439.61 million planned to be funded by over-raised funds. As of December 31, 2025, the Company has cumulatively used RMB 200,957.88 million of raised funds. Among them, RMB 135,957.88 million (including bank handling fees) was invested in raised fund investment projects, and RMB 65,000 million was used to temporarily supplement working capital. The balance in the raised fund account is RMB 14,111.21 million (including interest income).
III. Reasons for Idle Raised Funds
Due to the long cycle of some raised fund investment projects and the phased investment of raised funds during the process, some raised funds have become temporarily idle and have not yet been invested.
IV. Situation of Using Idle Raised Funds (Including Over-Raised Funds) for Cash Management
(I) Investment Objective
To improve fund utilization efficiency and reasonably utilize idle raised funds, while ensuring that the construction of fund-raising projects and normal daily operations are not affected and risks are effectively controlled, the Company will use temporarily idle raised funds for cash management to increase fund benefits, better achieve the preservation and appreciation of the Company's cash, and protect the interests of the Company's shareholders.
(II) Investment Amount and Period
The Company plans to use no more than RMB 150 million of idle raised funds (including over-raised funds) for cash management, with a purchase period for investment products not exceeding 12 months. This amount is valid for 12 months from the date of approval by the Board of Directors and can be used in a revolving manner within the aforementioned amount and period. The temporarily idle raised funds used for cash management will be returned to the special raised fund account promptly upon maturity.
(III) Investment Products
The Company will strictly control risks in accordance with relevant regulations and plans to purchase high-security, highly liquid principal-protected cash management products, including but not limited to notice deposits and structured deposits, which meet the following conditions: high security, meet principal protection requirements, and the product issuer can provide a principal protection commitment; high liquidity, and will not affect the normal progress of raised fund investment projects. This investment does not involve related-party transactions and does not involve risk investment products as defined in "Guiding Principles No. 1 for the Standardized Operation of Main Board Listed Companies of the Shenzhen Stock Exchange (2025 Revision)". The products shall not be pledged, and the dedicated settlement accounts for the products (if any) shall not be used to deposit non-raised funds or for other purposes.
(IV) Implementation Method
The Board of Directors authorizes the Company's management to make decisions on specific matters, and the Company's finance department will organize the implementation of specific matters.
(V) Allocation of Cash Management Income
The income generated by the Company from using idle raised funds for cash management will be managed and used in strict accordance with the requirements of the China Securities Regulatory Commission and the Shenzhen Stock Exchange regarding the supervision of raised funds.
(VI) Information Disclosure
The Company will fulfill its information disclosure obligations in a timely manner in accordance with the "Guiding Principles No. 1 for the Standardized Operation of Main Board Listed Companies of the Shenzhen Stock Exchange (2025 Revision)", the "Supervision Rules for Raised Funds of Listed Companies", and other relevant laws and regulations.
V. Investment Risks and Risk Control Measures
(I) Investment Risks
Although the Company plans to purchase high-security and highly liquid investment products with idle raised funds, the financial market is significantly affected by the macroeconomy. The Company will enter and exit the market in a timely and appropriate manner based on economic conditions and changes in the financial market. It is not excluded that this investment may be affected by market fluctuations.
(II) Risk Control Measures
- The Company will handle relevant cash management business in accordance with the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange (2025 Revision)", the "Guiding Principles No. 1 for the Standardized Operation of Main Board Listed Companies of the Shenzhen Stock Exchange (2025 Revision)", the "Supervision Rules for Raised Funds of Listed Companies", and other laws, regulations, and normative documents.
- During the implementation period, the Company will promptly analyze and track the investment direction of cash management products and project progress. If any adverse factors are found or judged, corresponding preservation measures will be taken promptly to control investment risks.
- The Company's internal audit department is responsible for inspecting and supervising the use and custody of the Company's investment funds.
- Independent directors and the audit committee have the right to supervise and inspect the use of funds, and may engage professional institutions for auditing if necessary.
- The Company will fulfill its information disclosure obligations in a timely manner in accordance with the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange.
VI. Impact of Cash Management on the Company
The Company's use of idle raised funds for cash management is carried out under the premise of ensuring the capital required for fund-raising projects and normal operations. It will not affect the normal progress of the Company's fund-raising projects and main business, nor will it change the purpose of the raised funds in disguise. Using idle raised funds for cash management can improve the efficiency of raised fund utilization, better achieve the preservation and appreciation of the Company's cash, and protect the interests of the Company's shareholders.
VII. Board of Directors' Deliberation
On April 27, 2026, the Company held the twelfth meeting of the second Board of Directors and deliberated and approved the "Proposal on Using Idle Raised Funds (Including Over-Raised Funds) for Cash Management." All directors unanimously agreed that, while ensuring that the construction of fund-raising projects and normal daily operations are not affected, the Company will use no more than RMB 150 million of idle raised funds (including over-raised funds) for cash management. This amount is valid for 12 months from the date of approval by the Board of Directors and can be used in a revolving manner within the aforementioned amount and period.
VIII. Independent Sponsor's Verification Opinion
After verification, the sponsor believes that: The matter of Shenzhen China Electronics Port Technology Co., Ltd. using idle raised funds (including over-raised funds) for cash management has been deliberated and approved by the Company's Board of Directors. While ensuring that the construction of fund-raising projects and the Company's normal operations are not affected, the Company uses idle raised funds for cash management, which is conducive to improving the efficiency of raised fund utilization, better achieving the preservation and appreciation of the Company's cash, does not involve changing the purpose of the raised funds in disguise, does not harm the interests of the Company and shareholders, and has fulfilled the necessary internal approval procedures, in compliance with the relevant provisions of the "Guiding Principles No. 1 for the Standardized Operation of Main Board Listed Companies of the Shenzhen Stock Exchange (2025 Revision)", the "Supervision Rules for Raised Funds of Listed Companies", and the Company's "Raised Funds Management System". In summary, the sponsor has no objection to the Company's use of no more than RMB 150 million of idle raised funds (including over-raised funds) for cash management.
IX. Documents for Filing
(I) Resolution of the twelfth meeting of the second Board of Directors; (II) "Verification Opinion of China International Capital Corporation Limited on Shenzhen China Electronics Port Technology Co., Ltd.'s Use of Idle Raised Funds (Including Over-Raised Funds) for Cash Management" issued by China International Capital Corporation Limited. Hereby announced. Shenzhen China Electronics Port Technology Co., Ltd. Board of Directors April 28, 2026