Announcement on Progress of Using Temporarily Idle Raised Funds for Cash Management

Announcement on Progress of Using Temporarily Idle Raised Funds for Cash Management

Securities Code: 002045 Securities Abbreviation: Guoguang Electric This company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, 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, which reviewed and approved the "Proposal on Using Temporarily Idle Raised Funds for Cash Management." The proposal allows the company 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 this amount and period, the funds can be used in a revolving manner, and the holding period for any wealth management product shall not exceed 12 months. For detailed information, please refer to the "Announcement on Using Temporarily Idle Raised Funds for Cash Management" disclosed by the Company on Juchao Information Network, Securities Daily, and China Securities Journal on December 23, 2025 (Announcement No.: 2025-88). The following is an announcement on the Company's recent 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:

II. Wealth Management Product Risk Warning

1. Liquidity Risk. In accordance with the relevant requirements of the China Securities Regulatory Commission and the Securities Association of China for risk management by securities companies, the issuer currently has sufficient liquidity to meet its daily operating needs and debt repayment. However, there may be unfavorable situations such as liquidity shortages or inability to obtain sufficient funds in a timely manner.
2. Credit Risk. The income entitlement product is issued based on the credit of the issuer. During the term of the income entitlement product, the issuer may experience dissolution, bankruptcy, inability to repay maturing debts, or asset seizure, freezing, or compulsory enforcement. In such cases, according to the bankruptcy liquidation procedures stipulated in the "Bankruptcy Law," after the legal disposal of the issuer's assets, investors will be compensated in the order of general creditors.
3. Operational Risk. Due to flaws in the issuer's internal management processes, personnel operational errors, and other events.
4. Information Technology System Risk. The issuer's information technology system is subject to risks such as force majeure, hardware and software failures, communication system interruptions, and the possibility of the system not operating normally due to insufficient service delivery or other reasons, which may affect the smooth progress of the issuer's business; as the company's business expands and its scale grows, the requirements for its information technology system are increasing. Although the company has continuously updated and iterated its information systems in recent years, there is still a risk that the information technology system's failure to update in a timely manner may restrict business development.
5. Policy and Legal Risk. Income entitlement products are carried out in accordance with current laws and regulations, relevant regulatory rules, and self-regulatory rules. If national policies, laws and regulations, relevant regulatory rules, and self-regulatory rules change, it may have an adverse impact on the issuance and operation of income entitlement products, leading to investor losses.
6. Force Majeure and Unexpected Event Risk. The occurrence of force majeure events such as natural disasters, social unrest, wars, or unexpected events such as the suspension or termination of over-the-counter trading by regulatory authorities, which are unforeseeable, unavoidable, and insurmountable, may adversely affect the establishment, investment operation, fund redemption, information disclosure, and announcement of income entitlement products, thereby leading to investor losses. Investors shall bear any losses caused by force majeure and unexpected event risks, and the issuer shall not bear any responsibility.
7. Information Transmission Risk. Investors can obtain information related to income entitlement products and their rules and regulations in a timely manner through the issuer's website, trading terminals, the website of CICC Wealth Securities Co., Ltd., or other channels recognized by the Securities Association of China, and fully understand the rules of over-the-counter trading and related supporting rules. If investors fail to inquire in a timely manner, or if their understanding of the trading rules and supporting rules is not accurate enough, leading to investment decision errors, the responsibility and risks arising therefrom shall be borne by the investors themselves.

III. Investment Risks and Risk Control Measures

(I) Investment Risks

1. Although high-security investment products have undergone rigorous evaluation, the financial market is subject to changes in macroeconomic policies such as monetary policy, fiscal policy, and industrial policy, as well as relevant laws and regulations, and there are certain systemic risks.
2. Operational and monitoring risks of relevant personnel.

(II) Risk Control Measures

1. The Company will strictly adhere to the principle of prudent investment and rigorously screen investment targets, selecting investment products with high security. Relevant personnel in the Company's finance center will promptly analyze and track the progress of investments. If any risk factors that may affect the safety of the Company's funds are identified, corresponding measures will be taken in a timely manner to control investment risks.
2. Independent directors and the sponsor have the right to supervise and inspect the use of funds, and may engage professional institutions to conduct audits when necessary.
3. The Company will fulfill its information disclosure obligations in accordance with relevant laws and regulations.

IV. Impact of This Cash Management Matter on the Company

1. The Company adheres to standardized operations. While ensuring that the construction of raised fund investment projects is not affected, the use of raised funds is not changed in disguise, and normal operations and fund safety are ensured, the Company uses temporarily idle raised funds for cash management. This will not affect the construction and normal progress of the Company's raised fund projects, nor will it disguise the change in the direction of raised fund investment or harm the interests of shareholders.
2. By managing temporarily idle raised funds, the Company can improve the efficiency of fund utilization, increase the Company's income, and provide more returns for the Company and its shareholders.

V. Situation of the Company Using Temporarily Idle Raised Funds for Cash Management in the Past 12 Months

VI. Documents for Reference

1. Contents of Cash Management Products and Bank Receipts Hereby announced. Guoguang Electric Corporation Board of Directors February 6, 2026