Announcement on Signing the Four-Party Regulatory Agreement for Raised Funds
The company and all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
I. Basic Situation of Raised Funds
As approved by the China Securities Regulatory Commission's "Approval on the Initial Public Offering of Shares of Hubei Ping An Electric Technology Co., Ltd." (SFC Permit [2023] No. 2121), Hubei Ping An Electric Technology Co., Ltd. (hereinafter referred to as the "Company") publicly issued 46.38 million shares of RMB ordinary shares (A shares). The par value of each ordinary share issued publicly is RMB 1.00, and the issue price is RMB 17.39 per share. The total amount of funds raised from this issuance is RMB 806.5482 million. After deducting the tax-exclusive issuance expenses of RMB 79.0032 million, the net amount of funds actually raised is RMB 727.5450 million. Tianjian Certified Public Accountants (Special General Partnership) audited the capital verification of the Company's public issuance of new shares and issued the "Capital Verification Report" (Tianjian Verification [2024] No. 3-6) on March 21, 2024.
II. Opening of Special Accounts for Raised Funds and Signing of Regulatory Agreements
To regulate the Company's management of raised funds and protect investors' rights and interests, in accordance with the "Supervision Regulations for Raised Funds of Listed Companies" issued by the China Securities Regulatory Commission, the "Stock Listing Rules of the Shenzhen Stock Exchange," the "Guiding Principles for the Standardized Operation of Main Board Listed Companies of the Shenzhen Stock Exchange," and other relevant laws and regulations, and the Company's "Management Measures for Raised Funds," the Company's third board of directors, at its seventh meeting, approved the proposal to add Hubei Taikai Neng'an Energy Technology Co., Ltd. (hereinafter referred to as "Taikai Neng'an") as one of the implementing entities for the "Ping An Electric Wuhan Production Base Construction Project." The Company will contribute RMB 10 million to Taikai Neng'an as paid-in capital to promote the implementation of the investment project. The Company's board of directors has authorized the Company's management to handle all matters related to the opening of special accounts for raised funds, the signing of raised funds regulatory agreements, and the payment of paid-in capital (see the "Announcement on Adding a Wholly-Owned Subsidiary as an Implementing Entity for Part of the Raised Funds Project and Opening New Special Accounts for Raised Funds" disclosed on the Juchao Information Network on July 24, 2025 (Announcement No.: 2025-023)). Recently, the Company and its subsidiary Taikai Neng'an signed the "Raised Funds Four-Party Regulatory Agreement" with China CITIC Securities Co., Ltd. and China Merchants Bank Co., Ltd. Wuhan Branch. As of the date of this announcement, the status of the Company's special accounts for raised funds and their deposits is as follows: