Chapter 1 General Principles
Article 1
To standardize the management and use of funds raised by Beijing Weitongli Electric Co., Ltd. (hereinafter referred to as "the Company"), improve the efficiency and effectiveness of fund usage, prevent risks associated with fund use, ensure the safety of fund usage, and protect the interests of investors, these measures are formulated based on the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Regulations on the Supervision of Fundraising by Listed Companies," "Shenzhen Stock Exchange Stock Listing Rules" (hereinafter referred to as "Listing Rules"), "Self-Regulatory Guidelines No. 1 for Main Board Listed Companies" (hereinafter referred to as "Self-Regulatory Guidelines No. 1"), and other relevant laws and regulations, as well as the provisions of the Company's Articles of Association, in conjunction with the actual situation of the Company.
Article 2
The term "raised funds" in these measures refers to the funds raised by the Company through the issuance of stocks or other equity-like securities for specific purposes, excluding funds raised for implementing equity incentive plans.
Article 3
The Company shall prudently use the raised funds, ensuring that their use aligns with the commitments made in the issuance application documents, and shall not arbitrarily change the direction of the raised funds. The Company must disclose the actual use of raised funds truthfully, accurately, and completely. In the event of significant impacts on the normal progress of the investment plan, timely announcements must be made. If the investment projects funded by raised funds are implemented through the Company's subsidiaries or other controlled enterprises, the Company must ensure that these subsidiaries or controlled enterprises comply with these measures. For overseas investment projects funded by raised funds, in addition to complying with the provisions of Article 4, the Company and the sponsor must take effective measures to ensure the safety and proper use of the raised funds and disclose relevant specific measures and actual effects in the "Special Report on the Storage, Management, and Actual Use of Company Raised Funds."
Chapter 2 Storage of Special Accounts for Raised Funds
Article 4
The Company shall prudently select commercial banks and establish special accounts for raised funds (hereinafter referred to as "special accounts"). The raised funds shall be stored in special accounts approved by the board of directors for centralized management and use, and special accounts shall not hold non-raised funds or be used for other purposes.
If the Company has more than two rounds of financing, separate special accounts for raised funds shall be established. Excess raised funds shall also be managed in special accounts.