Announcement on Progress of Using Temporarily Idle Raised Funds for Cash Management
Securities Code: 002045 Securities Abbreviation: Guoguang Electric Announcement No.: 2025-91
The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or major omissions.
Guoguang Electric Corporation (hereinafter referred to as the "Company") held the 23rd meeting of the 11th Board of Directors on December 22, 2025, and deliberated 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 approval by the Board of Directors. Within the aforementioned 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, China Securities Journal, and Securities Times (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 Purchasing Wealth Management Products The main products recently purchased are as follows: