Announcement on Tianhai Automotive Electronics Group Co., Ltd. Adjusting the Amount of Funds for Investment Projects
Tianhai Automotive Electronics Group Co., Ltd. (hereinafter referred to as "the Company") held the 13th meeting of the third board of directors on May 29, 2026, to review and approve the proposal on adjusting the amount of funds for investment projects. The Company agreed to adjust the amount of funds allocated for investment projects based on the actual fundraising situation from its initial public offering (IPO). The specific details are as follows:
1. Basic Situation of Fundraising
According to the approval from the China Securities Regulatory Commission regarding the registration of the Company's IPO (Zheng Jian Xu Ke [2026] No. 423), the Company publicly issued 79 million ordinary shares (A shares) at a price of RMB 27.19 per share, raising a total of RMB 2,148,010,000. After deducting issuance expenses of RMB 142,381,800 (excluding VAT), the actual net funds raised amounted to RMB 2,005,628,200. The aforementioned funds were transferred to the Company's designated account on May 13, 2026. Xinyong Zhonghe Accounting Firm (Special General Partnership) verified the funds' arrival on May 13, 2026, and issued the "Verification Report on the Fundraising of Tianhai Automotive Electronics Group Co., Ltd." (XYZH/2026GZAA3B0390). The Company has stored the raised funds in a special account and signed a "Tripartite Supervision Agreement on Fundraising" with the bank and the sponsor.