Announcement on the Progress of Using Temporarily Idle Raised Funds for Cash Management
Securities Code: 002045 Securities Abbreviation: Guoguang Electric
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
Guoguang Electric Corporation (hereinafter referred to as the "Company") held the 13th meeting of the 11th Board of Directors and the 10th meeting of the 11th Supervisory Board on January 23, 2025, and deliberated and approved the "Proposal on Extending the Authorization Period for Using Part of Temporarily Idle Raised Funds for Cash Management." It was agreed that the Company may use no more than RMB 780,000,000 of temporarily idle raised funds for cash management within 12 months from the date of the Board's approval. Within the aforementioned amount and period, funds can be used in a revolving manner, and the holding period for any single wealth management product shall not exceed 12 months.
The Company hereby announces the recent matters regarding the use of temporarily idle raised funds for cash management:
I. Basic Information on Purchased Wealth Management Products
The main details of the recently purchased products are as follows:
| Company Name | Counterparty | Product Name | Product Type | Subscription Amount (RMB Million) | Source of Funds | Start Date | End Date |
|---|---|---|---|---|---|---|---|
| Guoguang Electric Corporation | China Galaxy Securities Co., Ltd. | "Galaxy Interest" Wealth Management Product 757 | Floating Income | 1,500 | Raised Funds | 2025-11-27 | 2026-01-21 |