Announcement on the Progress of Using Temporarily Idle Raised Funds for Cash Management
Securities Code: 002045 Securities Abbreviation: Guoguang Electric
This announcement and the entire 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 reviewed and approved the "Proposal on Using Temporarily Idle Raised Funds for Cash Management." The company agreed to use no more than RMB 825,000,000 of temporarily idle raised funds for cash management within 12 months from the date of board approval. Within this amount and period, the funds can be used in a revolving manner, and the holding period for each wealth management product shall not exceed 12 months. For details, please refer to the "Announcement on Using Temporarily Idle Raised Funds for Cash Management" disclosed by the company on December 23, 2025, on the Juchao Information Network, Securities Daily, and China Securities Journal (Announcement No.: 2025-88).
The company hereby announces the recent matters regarding the use of temporarily idle raised funds for cash management:
I. Basic Situation of Purchased Wealth Management Products
The main products recently purchased are as follows:
| Company Name | Counterparty | Product Name | Product Type | Subscription Amount (RMB 10,000) | Source of Funds | Start Date | End Date |
|---|---|---|---|---|---|---|---|
| Guoguang Electric Co., Ltd. | Fangzheng Securities Co., Ltd. | Fangzheng Securities Yield-Enhancing Certificate D551 | Fixed Income Certificate | 13,000 | Raised Funds | Dec 23, 2025 | Dec 16, 2026 |
| Guoguang Electric Co., Ltd. | Fangzheng Securities Co., Ltd. | Fangzheng Securities Yield-Enhancing Certificate D552 | Fixed Income Certificate | 6,000 | Raised Funds | Dec 23, 2025 | Oct 13, 2026 |
| Guoguang Electric Co., Ltd. | Nomura Oriental International Securities Co., Ltd. | Nomura Oriental International Securities Co., Ltd. Yield-Enhancing Certificate Yuanquan No. 49 | Fixed Income Yield Certificate | 5,000 | Raised Funds | Dec 23, 2025 | Nov 24, 2026 |
| Guoguang Electric Co., Ltd. | Nomura Oriental International Securities Co., Ltd. | Nomura Oriental International Securities Co., Ltd. Yield-Enhancing Certificate Yuanquan No. 50 | Fixed Income Yield Certificate | 5,000 | Raised Funds | Dec 23, 2025 | Dec 15, 2026 |
| Guoguang Electric Co., Ltd. | China Galaxy Securities Co., Ltd. | "Galaxy Gold Mountain" Yield Certificate No. 14119 | Fixed Income Certificate | 3,000 | Raised Funds | Dec 23, 2025 | Jan 13, 2026 |
II. Wealth Management Product Risk Warning
- Market Risk. Fixed income certificates may be affected by changes in market interest rates. Floating income certificates may be linked to specific underlying assets, including but not limited to equity, debt, credit, funds, interest rates, exchange rates, indices, futures, commodities, and their combinations. When the market price of the linked underlying asset experiences drastic fluctuations, it may cause fluctuations in the investment income of the yield certificate.