Suzhou Hengmingda Electronics Technology Co., Ltd. Announcement on the Postponement of Raised Capital Investment Projects The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false representations, misleading statements, or material omissions.
Suzhou Hengmingda Electronics Technology Co., Ltd. (hereinafter referred to as the "Company") held its Second Meeting of the Fourth Board of Directors on March 20, 2026, and deliberated and passed the "Proposal on the Postponement of Raised Capital Investment Projects." It was agreed that, without changing the implementation entity, investment purpose, or total investment amount of the raised capital investment projects, the completion time for the investment of raised capital in the projects would be appropriately postponed, and the period for reaching production capacity would be adjusted accordingly. This postponement of raised capital investment projects is within the scope of the Board of Directors' approval authority and does not require submission to the shareholders' meeting for deliberation.
The specific details are hereby announced as follows:
I. Basic情况 of Raised Capital
The China Securities Regulatory Commission's "Approval on the Registration of Suzhou Hengmingda Electronics Technology Co., Ltd.'s Private Offering of Shares" (Zhengjian Xuke [2023] No. 2853) approved the Company to issue no more than 69,051,529.00 ordinary shares of RMB (A shares) to specific targets. As of July 31, 2024, the Company issued 26,042,021 ordinary shares of RMB to specific targets at an issue price of RMB 29.03 per share. The total raised capital was RMB 755,999,869.63. After deducting all issuance expenses, the net amount of raised capital was RMB 743,286,624.29. Tianjian Certified Public Accountants (Special General Partnership) audited the receipt of the raised capital and issued the "Capital Verification Report" (Tianjian Yan [2024] No. 320). The Company has implemented a special account storage system for the raised capital. Upon receipt, all raised capital has been deposited into the special account for raised capital. The Company has also signed a "Raised Capital Supervision Agreement" with the special account bank and the sponsor.
II. Use of Raised Capital
- According to the "Prospectus for the Private Offering of Shares by Suzhou Hengmingda Electronics Technology Co., Ltd. in 2023" disclosed by the Company, the investment projects and capital usage plan for this private offering are as follows:
| Project Name | Total Project Investment (RMB) | Planned Raised Capital Investment (RMB) | Actual Raised Capital Planned Investment (RMB) | Accumulated Investment as of December 31, 2025 (RMB) |
|---|---|---|---|---|
| Huzhou Hengmingda Intelligent Manufacturing Base Construction Project | 117,539.68 | 116,000.00 | 74,328.66 | 12,161.07 |
| Total | 117,539.68 | 116,000.00 | 74,328.66 | 12,161.07 |
Note: The registered name of the "Huzhou Hengmingda Intelligent Manufacturing Base Construction Project" is "Huzhou Hengmingda Electronic Materials and Communication Devices Industry Upgrade Construction Project."