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

Guoguang Electric Co., Ltd.

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

Stock Code: 002045 Stock Abbreviation: Guoguang Electric Announcement No.: 2026-13

The Company and all members of its Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed herein, and that there are no false representations, 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, which reviewed and approved the "Proposal on Using Temporarily Idle Raised Funds for Cash Management." The Board agreed that the Company may 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. Within this amount and timeframe, the funds can be used in a revolving manner, and the holding period for any single 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" (Announcement No.: 2025-88) disclosed by the Company on 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:

II. Risk Warning for Wealth Management Products

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 obligations. However, there may be situations of liquidity shortage or inability to obtain sufficient funds in a timely manner.

2. Credit Risk. Yield certificate products are issued based on the issuer's credit. During the term of the yield certificate, the issuer may undergo dissolution, bankruptcy, inability to repay due to maturing debts, asset seizure, freezing, or compulsory enforcement. In such cases, according to the bankruptcy liquidation procedures stipulated in the "Bankruptcy Law," investors will be compensated in the order of general creditors after the issuer's assets are legally disposed of.

3. Operational Risk. Due to flaws in the issuer's internal management processes, personnel operational errors, etc.

4. Information Technology System Risk. The issuer's information technology system may be unable to operate normally due to force majeure, hardware or software failures, communication system interruptions, or third-party service failures, which may affect the smooth progress of the issuer's business operations. 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 system development and technological innovation in recent years, there may still be risks that the business development is constrained or adversely affected by the delayed update of the information technology system.

5. Policy and Legal Risk. Yield certificates are carried out in accordance with current laws, regulations, relevant regulatory rules, and self-regulatory rules. If national policies, laws, regulations, relevant regulatory rules, and self-regulatory rules change, it may adversely affect the issuance and operation of yield certificates, leading to investor losses.