Securities Code: 002850 Bond Code: 127066 Securities Abbreviation: KDL Bond Abbreviation: Keli Convertible Bond Announcement No.: 2026-015
Shenzhen KDL Industrial Co., Ltd. Announcement on the Use of Temporarily Idle Raised Funds and Own Funds for Cash Management
The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Shenzhen KDL Industrial Co., Ltd. (hereinafter referred to as the "Company" or "KDL") reviewed and approved the "Proposal on the Use of Temporarily Idle Raised Funds and Own Funds for Cash Management" at the 27th meeting of the Fifth Board of Directors held on March 26, 2026. This proposal needs to be submitted to the Company's shareholders' meeting for review. While ensuring that the company's raised fund investment plan and normal operations are not affected, the company plans to use no more than RMB 1.5 billion of temporarily idle raised funds and no more than RMB 600 million of its own funds for cash management. The investments will be in products with high safety and good liquidity (including but not limited to structured deposits, fixed deposits, large-denomination certificates of deposit, etc.). The aforementioned amount can be used on a revolving basis within 12 months from the date of approval by the shareholders' meeting, within the scope of the aforementioned amount and period. Upon maturity, the temporarily idle raised funds for cash management will be returned to the special account for raised funds. The relevant matters are hereby announced as follows:
I. Basic Situation of Raised Funds
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of Shenzhen KDL Industrial Co., Ltd.'s Private Placement of Shares" (Zhengjian Xuke (2023) No. 1356), the company issued 33,471,626 ordinary shares of RMB (A shares) to specific targets at an issue price of RMB 104.85 per share. The total raised funds amounted to RMB 3,509,499,986.10. After deducting issuance expenses of RMB 29,382,955.91 (excluding tax), the net amount of raised funds is RMB 3,480,117,030.19. Rongsheng Certified Public Accountants (Special General Partnership) has audited the capital verification for the company's private placement of shares to specific targets and issued the "Capital Verification Report of Shenzhen KDL Industrial Co., Ltd." with the report number Rongsheng Yanzhi Zi [2023] 518Z0108.
The company and its subsidiaries implementing the raised fund investment projects, together with the sponsor China International Capital Corporation Limited, have signed the "Tripartite Custody Agreement for Raised Funds" with the relevant account-opening bank to manage the deposit and use of raised funds in a special account.
II. Use of Raised Funds
According to the relevant content disclosed in the "Prospectus for the Private Placement of A Shares by Shenzhen KDL Industrial Co., Ltd.", the net amount of raised funds after deducting issuance expenses from the company's current issuance will be used for the following projects. As of December 31, 2025, the use of raised funds is as follows: