Announcement on the Progress of Using Idle Raised Funds for Cash Management
Suzhou Ruima Precision Industrial Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Important Notice: On April 24, 2026, the Company held the 32nd meeting of the third Board of Directors, which approved the proposal on further using idle raised funds for cash management. On May 20, 2026, the Company held the 2025 Annual General Meeting of Shareholders, which approved the aforementioned proposal, agreeing to increase the limit for cash management using idle raised funds from no more than RMB 200 million to no more than RMB 300 million. This increase is to be used for purchasing low-risk, high-security, and liquid principal-protected cash management products. The aforementioned limit can be used in a rolling manner from the date of approval by the shareholders until the date of the next shareholders' meeting that reviews the use of idle raised funds for cash management. For specific details, please refer to the announcement titled "Announcement on Further Using Idle Raised Funds for Cash Management" (Announcement No. 2026-037) disclosed by the Company on April 27, 2026, on the Giant Tide Information Network (www.cninfo.com.cn).
Recently, the Company has used part of the temporarily idle raised funds to purchase financial products. The specific situation is as follows:
1. Current Use of Idle Raised Funds for Cash Management
According to the authorization from the Board of Directors to use idle raised funds for cash management within the limit and other related requirements, the Company's controlling subsidiary, Pride Automotive Technology (Suzhou) Co., Ltd. (hereinafter referred to as "Pride (Suzhou)"), has used RMB 50 million of idle raised funds for cash management. The specific situation is as follows: