002881SZSE

Announcement on the Temporary Use of Idle Raised Funds from A-shares to Supplement Working Capital

✨ AI Summary

The company approved the temporary use of up to RMB 250 million of idle A-share raised funds to supplement working capital for a period not exceeding 12 months. This decision was made during the board meeting on April 15, 2026. The funds will be utilized efficiently to support business growth without affecting the planned investment projects.

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Full Translation

AI Translation· azure_openai

Securities Code: 002881
Securities Abbreviation: Meige Intelligent
Announcement Number: 2026-025

Meige Intelligent Technology Co., Ltd. (hereinafter referred to as "the Company") held the 16th meeting of the 4th Board of Directors on April 15, 2026, where it reviewed and approved the proposal on the temporary use of idle raised funds from A-shares to supplement working capital. The Company and its wholly-owned subsidiary are authorized to use a total of no more than RMB 250 million (including the principal) of idle raised funds from A-shares to temporarily supplement working capital, with a usage period not exceeding 12 months from the date of the board's approval. The relevant matters are announced as follows:

I. Basic Situation of A-share Raised Funds

With the approval of the China Securities Regulatory Commission regarding the non-public issuance of shares by Meige Intelligent Technology Co., Ltd. (Approval No. [2022] 533), the Company issued a total of 21,208,503 ordinary shares at a price of RMB 28.46 per share, raising a total of RMB 603.594 million. After deducting issuance costs (excluding VAT) of RMB 10.6635 million, the actual net raised funds amounted to RMB 592.9305 million. The raised funds have been verified by Xinyong Zhonghe Accounting Firm (Special General Partnership), which issued the verification report (Report No. XYZH/2023SZAA7B0002). The Company manages the raised funds in a dedicated account and has signed a tripartite supervision agreement with the sponsor and the bank holding the raised funds.

II. Usage of A-share Raised Funds

(1) Usage Situation of A-share Raised Funds

Due to the net amount of raised funds being less than the intended investment amount for the investment projects, the board adjusted the investment amounts based on actual project needs without changing the planned investment projects. The adjusted commitment and the invested amounts as of March 31, 2026, are as follows:

No.Project NameTotal Investment AmountIntended Investment Amount (Before Adjustment)Intended Investment Amount (After Adjustment)Invested Amount
1G+AIoT Module and Solution Industrialization Project44,589.2040,296.2439,229.8512,573.86
2R&D Center Construction Project7,368.205,063.205,063.20627.90
3Supplementing Working Capital15,000.0015,000.0015,000.0015,000.00
Total66,957.4060,359.4459,293.0528,201.76

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