Basic Information on Fundraising
According to the approval issued by the China Securities Regulatory Commission regarding the registration of the initial public offering of Beijing Weitongli Electric Co., Ltd. (CSRC Permit [2026] No. 198), and with the consent of the Shenzhen Stock Exchange, Beijing Weitongli Electric Co., Ltd. (hereinafter referred to as "the Company" or "Beijing Weitongli") has publicly issued 62,333,334 ordinary shares at an issue price of RMB 30.38 per share, raising a total of RMB 1,893.6867 million. After deducting issuance expenses of RMB 166.9911 million (excluding VAT), the net amount raised is RMB 1,726.6956 million. The raised funds have been transferred to the Company's designated account, and Tianjian Accounting Firm (Special General Partnership) conducted an audit of the raised funds on May 12, 2026, issuing the "Verification Report" (Tianjian Verification [2026] No. 133).
Signing of the Tripartite and Quadripartite Supervision Agreements
To standardize the management and use of the Company's raised funds and protect investors' rights, in accordance with relevant laws and 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 - Standardized Operations of Main Board Listed Companies," the Company and its wholly-owned subsidiaries, Zhuzhou Weitongli Electric Co., Ltd. (hereinafter referred to as "Zhuzhou Weitongli"), Wuxi Weitongli Electric Co., Ltd. (hereinafter referred to as "Wuxi Weitongli"), and Wuxi Weitongli New Energy Electric Co., Ltd. (hereinafter referred to as "Wuxi New Energy"), along with the sponsoring institution Zhongtai Securities Co., Ltd. (hereinafter referred to as "Zhongtai Securities") and the commercial banks holding the raised funds, have signed the "Tripartite Supervision Agreement" and the "Quadripartite Supervision Agreement." As of the date of this announcement, the status of the special account for the raised funds is as follows: