Stock Code: 002045 Stock Abbreviation: Guoguang Electric Announcement No.: 2025-88 This announcement and all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Guoguang Electric Co., Ltd. (hereinafter referred to as the "Company") held the 23rd meeting of the 11th Board of Directors on December 22, 2025, and approved the "Proposal on the Use of Temporarily Idle Raised Funds for Cash Management." The Company is permitted to use no more than RMB 825,000,000 of temporarily idle raised funds for cash management within 12 months from the date of approval by the Board of Directors. Funds can be used in a revolving manner within the aforementioned amount and period, and the holding period for individual wealth management products shall not exceed 12 months. The relevant situation is hereby announced as follows:
I. Basic Situation of Raised Funds
As approved by the China Securities Regulatory Commission's "Approval on the Registration of Guoguang Electric Co., Ltd.'s Private Offering of A Shares" (Zhengjian Permit (2023) No. 1983), the Company was approved to issue 99,718,919 A shares at a par value of RMB 1.00 per share, with an issuance price of RMB 13.88 per share. The total raised funds amounted to RMB 1,384,098,595.72. After deducting issuance-related expenses of RMB 8,723,558.20 (excluding tax), the net raised funds amounted to RMB 1,375,375,037.52. After deducting underwriting and sponsorship fees of RMB 5,500,000.00 from the total raised funds, the remaining balance of RMB 1,378,598,595.72 has been transferred to the Company's designated account. The aforementioned raised funds were all received on December 14, 2023, and the Company manages the raised funds in a special account. Tianheng Certified Public Accountants (Special General Partnership) has audited the receipt of the raised funds and issued the "Capital Verification Report of Guoguang Electric Co., Ltd." with the serial number Tianheng Verification (2023) No. 00132.
The Company has implemented special account storage management for the raised funds, and the Board of Directors has authorized management to sign tripartite and quadripartite custody agreements with the sponsor and the banks where the raised funds are deposited.
II. Use of Raised Funds and Reasons for Idleness
(I) Use of Raised Funds
As of November 30, 2025, the Company's raised funds investment projects were used as follows: