Securities Code: 002617
Securities Abbreviation: Luxshare Technology
Announcement No.: 2026-044
Announcement on Terminating Some Fundraising Projects and Permanently Supplementing Working Capital with Remaining Funds
The Company and all members of the 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.
Luxshare Technology Co., Ltd. (hereinafter referred to as the "Company" or "Luxshare Technology") held its 26th meeting of the Sixth Board of Directors on July 7, 2026, and approved the "Proposal on Terminating Some Fundraising Projects and Permanently Supplementing Working Capital with Remaining Funds." Based on the actual progress of the current fundraising projects and the changes in the silicon carbide substrate industry in recent years, the Company plans to terminate the fundraising projects "Third Generation Power Semiconductor (Silicon Carbide) Industrial Park Project" and "Large Diameter Silicon Carbide Wafer R&D Center Project." The remaining raised funds will be used to permanently supplement working capital.
According to the "Supervision Regulations for Raised Funds of Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 1 - Standardized Operation of Main Board Listed Companies," and other relevant regulations, this proposal needs to be submitted to the Company's shareholders' meeting for deliberation. The specific details are hereby announced as follows:
I. Basic Situation of the Company's Raised Funds
As approved by the China Securities Regulatory Commission's "Approval for Luxshare Technology Co., Ltd. to Issue Shares to Specific Investors" (Zhengjian Permit [2022] No. 1132) dated May 31, 2022, the Company issued 319,334,577 ordinary shares (A shares) to specific investors at an issuance price of RMB 8.04 per share. The total amount of raised funds was RMB 2,567,449,999.08. After deducting issuance expenses, the net amount of raised funds was RMB 2,512,526,098.54. These raised funds were received on June 30, 2022, and were verified by the "Capital Verification Report" (ZhiTong Yan Zi [2022] No. 332C000373) issued by ZhiTong Certified Public Accountants (Special General Partnership).
II. Use of Raised Funds for Investment Projects
As of May 31, 2026, the use of raised funds from the Company's 2021 non-public offering of shares is as follows:
| No. | Project Name | Planned Investment of Raised Funds (RMB million) | Cumulative Investment of Raised Funds (RMB million) | Remaining Amount (excluding interest income and cash management gains) (RMB million) |
|---|---|---|---|---|
| 1 | Third Generation Power Semiconductor (Silicon Carbide) Industrial Park Project | 99,000.00 | 14,122.08 | 84,877.92 |
| 2 | Large Diameter Silicon Carbide Wafer R&D Center Project | 44,507.61 | 7,642.59 | 36,865.02 |
| 3 | Supplementing Working Capital (including changes to some fundraising projects) | 107,745.00 | 107,745.00 | - |
| Total | 251,252.61 | 129,509.68 | 121,742.93 |
Note: The amount for supplementing working capital as of May 31, 2026, includes the adjustment made by the Company in February 2026, reducing the planned investment of the "Third Generation Power Semiconductor (Silicon Carbide) Industrial Park Project" from RMB 194,000.00 million to RMB 99,000.00 million, and using RMB 95,000.00 million of the reduced raised funds from the project to permanently supplement working capital.