Guoguang Electric Power Co., Ltd.
Management Measures for Raised Funds
Chapter 1 General Provisions
Article 1 To regulate the management and use of raised funds by Guoguang Electric Power Co., Ltd. (hereinafter referred to as the "Company"), ensure the safety of raised fund usage, and improve the efficiency and effectiveness of raised fund utilization, these Measures are formulated in accordance with the "Company Law," "Securities Law," "Stock Listing Rules of the Shenzhen Stock Exchange," "Supervision Rules for Listed Company Raised Funds," "Shenzhen Stock Exchange Main Board Listed Company Normative Operation" (hereinafter referred to as the "Normative Operation"), other relevant regulations, and the Company's actual situation.
Article 2 Raised funds refer to funds raised by the Company from investors through the issuance of shares or other equity-based securities for specific purposes, excluding funds raised by the Company for the implementation of equity incentive plans. Excess raised funds refer to the portion of the net amount of actual raised funds that exceeds the planned amount of raised funds.
Article 3 The Company shall prudently use raised funds, ensure that the use of raised funds is consistent with the commitments in the application documents for issuance, and shall not arbitrarily change the investment direction of raised funds. The Company shall disclose the actual use of raised funds truthfully, accurately, and completely in accordance with relevant regulations. In the event of circumstances that seriously affect the normal progress of the raised fund investment plan, an announcement shall be made in a timely manner.
If the raised fund investment project is implemented through the Company's subsidiaries or other enterprises controlled by the Company, the Company shall ensure that such subsidiaries or controlled enterprises comply with the relevant provisions of the "Normative Operation" regarding the management of raised funds.
Article 4 The Company's Board of Directors is responsible for establishing and improving the Company's raised fund management system and ensuring its effective implementation.
The raised fund management system shall clearly stipulate the centralized storage, use, changes, and supervision of raised funds, as well as the application for the use of raised funds, hierarchical approval authority, decision-making procedures, risk control measures, information disclosure procedures, and accountability.
Article 5 This Measure shall apply to raised fund investment projects implemented through the Company's subsidiaries or other enterprises controlled by the Company.
Article 6 During the continuous supervision period, the sponsor shall fulfill its supervision responsibilities for the Company's raised fund management matters and carry out continuous supervision work related to raised fund management in accordance with relevant regulations and these Measures.
Article 7 If raised funds are used in violation of national laws, regulations, the Company's articles of association, or these Measures, resulting in losses to the Company, the relevant responsible persons shall bear civil compensation liability.
Chapter 2 Centralized Storage of Raised Funds
Article 8 Raised funds shall be centrally stored and managed for ease of supervision.
Article 9 The Company shall prudently select commercial banks and open special accounts for raised funds (hereinafter referred to as "special accounts"). Raised funds shall be centrally managed and used in special accounts approved by the Board of Directors. Special accounts shall not be used to store non-raised funds or for other purposes. The establishment of special accounts and the storage of raised funds shall be the responsibility of the Company's finance department.
If the Company has undergone financing twice or more, separate special accounts for raised funds shall be established. Excess raised funds shall also be managed in special accounts for raised funds.
Article 10 Within one month of the raised funds being in place, the Company shall sign a tripartite or multi-party supervision agreement (hereinafter referred to as the "Agreement") with the sponsor or independent financial advisor and the commercial bank where the raised funds are deposited (hereinafter referred to as the "Commercial Bank"). After the Agreement is signed, the Company may use the raised funds.