Stock Code: 002587 Stock Abbreviation: AOTO Electronics
Shenzhen AOTO Electronics Co., Ltd.
2026 Plan for Issuance of Shares to Specific Targets via Simplified Procedure
August 2026
Issuer Statement
The Company and all members of the Board of Directors guarantee that the contents of this plan are true, accurate, and complete, and confirm that there are no false records, misleading statements, or major omissions.
This plan is prepared in accordance with the Securities Law of the People's Republic of China, the Administrative Measures for the Issuance of Securities by Listed Companies, and other relevant laws, regulations, and normative documents.
Upon completion of this issuance of shares to specific targets via the simplified procedure, the listed company shall be solely responsible for changes in its operations and earnings; investors shall be solely responsible for investment risks arising from this issuance.
This plan is the Board of Directors' explanation of this issuance of shares to specific targets via the simplified procedure; any statement to the contrary is a false statement.
The matters described in this plan do not represent a substantive judgment, confirmation, approval, or registration by the approval authorities regarding the matters related to this issuance. The effectiveness and completion of this issuance are subject to the approval or registration of the relevant approval authorities.
Investors with any questions should consult their stock brokers, lawyers, professional accountants, or other professional advisors.
Important Matters Notice
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The matters related to this issuance of shares to specific targets via the simplified procedure were authorized by the Company's 2025 Annual General Meeting to the Board of Directors for implementation. The issuance plan and related matters have been reviewed and approved at the 10th meeting of the 6th Board of Directors and are still subject to review by the Shenzhen Stock Exchange and registration by the China Securities Regulatory Commission (CSRC).
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The targets for this issuance shall be no more than 35 (inclusive) specific investors who meet the conditions stipulated by the CSRC, including securities investment fund management companies, securities companies, trust companies, finance companies, insurance institutional investors, qualified foreign institutional investors, and other legal entities, natural persons, or other qualified investors meeting CSRC requirements. Securities investment fund management companies, securities companies, qualified foreign institutional investors, or RMB qualified foreign institutional investors subscribing with two or more products under their management shall be regarded as one target. Trust companies acting as targets may only subscribe with their own funds. All targets shall subscribe for the shares at the same price and in cash.
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The total amount of funds raised from this issuance shall not exceed 265 million RMB. After deducting issuance expenses, the funds are intended to be used for the following projects:
| No. | Project Name | Project Investment Amount | Proposed Use of Proceeds |
|---|---|---|---|
| 1 | Micro LED COB Intelligent Manufacturing Upgrade Project | 10,432.00 | 10,112.00 |
| 2 | Intelligent Video Technology R&D Center Project | 10,427.00 | 8,269.00 |
| 3 | Global Brand and Headquarters Operation Center Project | 14,269.00 | 8,119.00 |
| Total | 35,128.00 | 26,500.00 |
Before the proceeds are received, the Company will invest self-raised funds based on the actual progress of the projects and will replace them once the proceeds are available. If the actual net proceeds after deducting issuance expenses are less than the proposed amount, the Company will adjust and finalize the specific investment projects, sequence, and amounts within the scope of the projects, with any shortfall covered by the Company's self-raised funds.
- The pricing benchmark date for this issuance is the first day of the issuance period. The issuance price shall not be lower than 80% of the average trading price of the Company's shares for the 20 trading days prior to the pricing benchmark date. If the Company implements cash dividends, bonus shares, or capital reserve conversion during the period from the pricing benchmark date to the issuance date, the issuance price will be adjusted accordingly.