Hubei Ping An Electric Technology Co., Ltd. (hereinafter referred to as "the Company" or "Ping An Electric") and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
To ensure the smooth implementation of fundraising projects, the Company intends to add its wholly-owned subsidiary, Hubei Taikai Aneng Technology Co., Ltd. (hereinafter referred to as "Taikai Aneng"), as one of the implementation entities for the "Ping An Electric Wuhan Production Base Construction Project," and to establish a special fundraising account accordingly. According to relevant regulations such as the "Regulations on the Supervision of Fundraising by Listed Companies" and the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 - Standard Operations for Main Board Listed Companies," the above matters do not involve changes in the use of fundraising funds and do not require submission to the shareholders' meeting for approval.
1. Basic Situation of Fundraising
According to the China Securities Regulatory Commission's approval of Hubei Ping An Electric Technology Co., Ltd.'s initial public offering (Approval No. [2023] 2121), the Company publicly issued 46.38 million shares of RMB ordinary shares (A shares) at a price of RMB 17.39 per share, raising a total of RMB 806.55 million. After deducting non-taxable issuance costs of RMB 79.00 million, the net amount raised is RMB 727.55 million. The arrival of the above fundraising funds has been verified by Tianjian Accounting Firm (Special General Partnership), which issued a "Verification Report" on March 21, 2024.
2. Situation of New Implementation Entity for Part of the Fundraising Project
The original implementation entity for the fundraising project "Ping An Electric Wuhan Production Base Construction Project" was the Company's wholly-owned subsidiary, Hubei Ping An Electric Industry Co., Ltd. (hereinafter referred to as "Ping An Industry"), with a planned use of RMB 122.92 million in fundraising. To ensure the smooth implementation of the fundraising project, the Company plans to add Taikai Aneng as one of the implementation entities. After the addition, the implementation entities for the project will be Ping An Industry and Taikai Aneng, with the use of fundraising funds and project construction content remaining unchanged.