Securities Code: 001365
Securities Abbreviation: Tianhai Electronics
Announcement Number: 2026-008
Tianhai Automotive Electronics Group Co., Ltd. (hereinafter referred to as "the Company") held the 13th meeting of the 3rd Board of Directors on May 29, 2026, and approved the proposal regarding the use of acceptance bills and other notes to pay for fundraising project expenses and to replace these amounts with raised funds. The Company agrees to use acceptance bills to pay for expenses related to the fundraising investment projects during the implementation period and to transfer equivalent funds from the Company's dedicated fundraising account to its own funds account. This equivalent replacement of funds will be treated as funds used for the fundraising projects. The relevant matters are hereby announced as follows:
1. Basic Situation of Raised Funds
With the approval of the China Securities Regulatory Commission regarding the registration of the Company's initial public offering (Approval No. [2026] 423), the Company publicly issued 79 million RMB ordinary shares (A shares) at an issuance price of RMB 27.19 per share, raising a total of RMB 2,148,010,000. After deducting various issuance expenses of RMB 142,381,800 (excluding VAT), the actual net raised funds amount to RMB 2,005,628,200. The aforementioned raised funds were transferred to the Company's designated account on May 13, 2026. Xinyong Zhonghe Accounting Firm (Special General Partnership) verified the funds' arrival for the Company's initial public offering 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 dedicated account and signed a "Tripartite Supervision Agreement on Fundraising" with the bank where the dedicated account is held and the sponsor institution.
2. Fundraising Investment Projects
The Company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions. The actual net raised funds from this issuance are lower than the proposed investment amount disclosed in the "Prospectus for the Initial Public Offering of Tianhai Automotive Electronics Group Co., Ltd. and Listing on the Main Board." Considering the Company's actual situation, the Board has approved the proposal to adjust the intended investment amount for the fundraising projects, with the shortfall to be covered by the Company's own or self-raised funds. The specific adjustments are as follows: