Shenzhen Keanda Electronic Technology Co., Ltd.
Announcement on Changing the Use of Some Raised Funds to Implement New Investment Projects
The company and all members of its board of directors guarantee the content of this disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Shenzhen Keanda Electronic Technology Co., Ltd. (hereinafter referred to as the "Company") held the fourth meeting of the sixth board of directors in 2026 on August 20, 2026, and deliberated and passed the "Proposal on Changing the Use of Some Raised Funds to Implement New Investment Projects." To improve the efficiency of the use of raised funds, in accordance with the Company's future business development plan, after careful research and analysis, the Company plans to adjust its investment projects for the initial public offering of shares (hereinafter referred to as "investment projects").
The main adjustments are as follows: (1) RMB 2,000,000,000 from the "Automated Production Base Construction Project," RMB 4,000,000,000 from the "Product Testing Center Construction Project," and RMB 2,000,000,000 from the "New Generation Axle-Counting Intelligent Sensor Development Project" will be used for the implementation of new investment projects; (2) A new investment project, "Keanda Headquarters Base Construction Project," with a total planned investment of RMB 8,000,000,000, will be implemented using RMB 8,000,000,000 of the changed raised funds.
The above matters do not constitute related-party transactions, nor do they constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies." Great Wall Securities Co., Ltd. has issued an opinion on the verification of this matter. This matter still needs to be submitted for deliberation by the Company's shareholders' meeting. The specific details are hereby announced as follows:
I. Basic Situation of Raised Funds
According to the "Approval on the Initial Public Offering of Shares of Shenzhen Keanda Electronic Technology Co., Ltd." (Document No. Zhengjian Xuke [2019] No. 2270) issued by the China Securities Regulatory Commission, Shenzhen Keanda Electronic Technology Co., Ltd. (hereinafter referred to as the "Company" or "this Company") publicly issued 44.08 million shares of RMB ordinary shares (A shares) with a par value of RMB 1 per share on December 27, 2019, at an issuance price of RMB 11.49 per share. The total raised funds amounted to RMB 506,479,200.00. After deducting issuance expenses of RMB 51,989,200.00, the net raised funds were RMB 454,490,000.00. The arrival of these raised funds was verified by Zhonghua Certified Public Accountants (Special General Partnership), which issued an asset verification report (Zhonghui Shenzi [2019] No. 7805). The Company has taken measures to deposit the raised funds in a special account and has signed a "Three-Party Supervisory Agreement for Raised Funds" with the bank and the sponsor.
The Company's raised fund projects and fund usage plan disclosed in the Prospectus for the Initial Public Offering and Listing are as follows:
| No. | Project Name | Total Investment (RMB million) | Raised Funds Investment Amount (RMB million) |
|---|---|---|---|
| 1 | Product Testing Center Construction Project | 7,809.00 | 7,809.00 |
| 2 | Automated Production Base Construction Project | 18,929.00 | 18,929.00 |
| 3 | Rail Transit Intelligent Monitoring and Diagnosis System Development Project | 8,574.00 | 8,574.00 |
| 4 | Marketing Network Construction Project | 5,137.00 | 5,137.00 |
| 5 | Supplementary Working Capital | 5,000.00 | 5,000.00 |
| Total | 45,449.00 | 45,449.00 |
- Adjustment of Raised Funds