Guoguang Electric Appliances Co., Ltd.
Announcement on the Progress of Using Temporarily Idle Raised Funds for Cash Management
Stock Code: 002045 Stock Abbreviation: Guoguang Electric Appliances Announcement No.: 2026-8
The 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 Appliances Co., Ltd. (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 the Use of Temporarily Idle Raised Funds for Cash Management." The Company agreed to use no more than RMB 82,500.00 million 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, funds can be used in a revolving manner, and the holding period for each wealth management product shall not exceed 12 months. For specific details, please refer to the "Announcement on the Use of Temporarily Idle Raised Funds for Cash Management" (Announcement No.: 2025-88) disclosed by the Company on the Juchao Information Network, Securities Daily, and China Securities Journal on December 23, 2025.
The Company hereby announces the recent matters regarding the use of temporarily idle raised funds for cash management:
I. Basic Information on Purchased Wealth Management Products
The main products recently purchased are as follows:
| Company Name | Counterparty | Product Name | Product Type | Subscription Amount (RMB million) | Source of Funds | Start Date | End Date |
|---|---|---|---|---|---|---|---|
| Guoguang Electric Appliances | China CICC Wealth Securities Co., Ltd. | China CICC Wealth Securities Anxiang Fixed Income Product 1103 | Fixed Income Product | 2,000 | Raised Funds | March 13, 2026 | May 12, 2026 |
| Guoguang Electric Appliances | China CICC Wealth Securities Co., Ltd. | China CICC Wealth Securities Anxiang Fixed Income Product 1104 | Fixed Income Product | 2,000 | Raised Funds | March 13, 2026 | July 13, 2026 |
| Guoguang Electric Appliances | China CICC Wealth Securities Co., Ltd. | China CICC Wealth Securities Anxiang Fixed Income Product 1105 | Fixed Income Product | 4,000 | Raised Funds | March 13, 2026 | September 7, 2026 |
II. Wealth Management Product Risk Warning
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Liquidity Risk. In accordance with the relevant requirements of the China Securities Regulatory Commission and the Securities Association of China on the risk management of securities companies, the issuer currently has sufficient liquidity to meet its daily operating needs and debt repayment. However, there may be situations of liquidity shortage or inability to obtain sufficient funds in a timely manner.
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Credit Risk. Wealth management products are issued based on the issuer's credit. During the term of the wealth management products, the issuer may experience dissolution, bankruptcy, inability to repay maturing debts, 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.
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Operational Risk. Risks arising from defects in the issuer's internal management processes, personnel operational errors, etc.