Securities Code: 002025 Securities Abbreviation: Aerospace Electric Announcement No.: 2026-14 Guizhou Aerospace Electric Co., Ltd. Special Report on the Storage, Management, and Use of Raised Funds in 2025
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
I. Basic Situation of Raised Funds
(I) Amount and Timing of Raised Funds
According to the "Approval for Non-Public Offering of Shares by Guizhou Aerospace Electric Co., Ltd." (Zhengjian Permit [2021] No. 2341) issued by the China Securities Regulatory Commission, Guizhou Aerospace Electric Co., Ltd. (hereinafter referred to as the "Company" or "Aerospace Electric") issued 23,662,256 shares of RMB common stock (A shares) at a price of RMB 60.46 per share. The total amount of funds raised was RMB 1,430,619,997.76. After deducting issuance expenses of RMB 8,182,700.25 (excluding tax), the net amount of raised funds was RMB 1,422,437,297.51.
The aforementioned funds were all received on August 13, 2021. Tianzhi International Certified Public Accountants (Special General Partnership) verified the arrival of the raised funds from the Company's non-public offering of shares on August 17, 2021, and issued the "Capital Verification Report" (Tian Zhi Zi [2021] No. 37506). The raised funds were all invested in the following projects:
| No. | Project Name | Project Investment Amount (RMB 10,000) | Planned Raised Funds Amount (RMB 10,000) | Net Raised Funds Amount After Deducting Issuance Expenses (RMB 10,000) | Implementing Entity |
|---|---|---|---|---|---|
| 1 | Industrialization Project of Special Connectors and Special Relays | 28,450.00 | 28,019.00 | 28,019.00 | Aerospace Electric |
| 2 | Annual Production of 1.53 Million New Infrastructure Optical Modules Project | 11,200.00 | 10,921.00 | 10,921.00 | Jiangsu Aolei |
| 3 | Industrialization Project of Connectors for New Infrastructure and Other Fields with an Annual Production of 39.762 Million Units | 39,500.00 | 33,609.00 | 33,609.00 | Suzhou Huazhan |
| 4 | Industrialization Project of Guizhou Linquan Micro-Special Motors | 19,830.00 | 10,420.00 | 10,420.00 | Linquan Motor |
| 5 | Acquisition of Linquan Operating Assets | 36,616.92 | 19,625.00 | 19,625.00 | Linquan Motor |
| 6 | Supplementation of Working Capital | 40,468.00 | 40,468.00 | 39,649.73 | Aerospace Electric |
| Total | 176,064.92 | 143,062.00 | 142,243.73 |
(II) Amount of Raised Funds Used in Previous Years
The net amount of raised funds received by the Company was RMB 1,422,437,297.51. The amount of raised funds used in 2021 was RMB 545,153,974.10, in 2022 was RMB 310,972,345.68, in 2023 was RMB 223,526,815.78, and in 2024 was RMB 210,491,526.85.
(III) Amount of Raised Funds Used This Year and Year-End Balance
As of November 21, 2025, the Company's raised fund investment projects have all been completed. The cumulative amount invested from raised funds is RMB 1,384,856,480.26 (including net interest income of RMB 3,673,500.75). Among them, the amount of raised funds used in 2025 was RMB 94,711,817.85, in 2024 was RMB 210,491,526.85, in 2023 was RMB 223,526,815.78, in 2022 was RMB 310,972,345.68, and in 2021 was RMB 545,153,974.10.
As of December 31, 2025, the cumulative net interest income from the Company's special bank account for raised funds is RMB 40,013,276.55 (including net interest income of RMB 2,156,388.37 in 2025, net interest income of RMB 3,631,952.23 in 2024, net interest income of RMB 10,436,939.96 in 2023, net interest income of RMB 18,001,175.54 in 2022, and net interest income of RMB 5,786,820.45 in 2021). The cumulative amount invested in projects is RMB 3,673,500.75.