Shenzhen Kanda Electronics Technology Co., Ltd. (hereinafter referred to as "the Company" or "Kanda") held the sixth meeting of the sixth board of directors and the sixth meeting of the sixth audit committee on December 8, 2025, to review and approve the proposal on the use of idle raised funds and self-owned funds for cash management. The board agreed to use no more than 150 million RMB (including this amount) of idle raised funds and no more than 350 million RMB (including this amount) of self-owned funds for cash management, ensuring that it does not affect normal operations and the construction of investment projects. The above limits are valid for 12 months from the date of board approval and can be used in a revolving manner within the aforementioned limits and time frame. Idle raised funds will be promptly returned to the designated account after the cash management period ends. The board authorized the chairman or authorized personnel to sign relevant contracts within the above limits, including but not limited to selecting qualified financial product issuers, specifying investment amounts, choosing financial product types, and signing contracts, with the finance department responsible for implementation. Specific details can be found in the relevant announcements disclosed on the Giant Tide Information Network (http://www.cninfo.com.cn).
According to the above resolution regarding the management of raised funds and self-owned funds, the Company is using part of the idle raised funds and self-owned funds for cash management. The specific situation is as follows: