002993SZSE
🚨 Material Event

Progress Announcement on Investment Agreement Signed by Subsidiary

Dongguan Aohai Technology Co., Ltd.··4 pages

✨ AI Summary

Dongguan Aohai Technology Co., Ltd. announces progress on its subsidiary's investment agreement. The subsidiary will invest approximately RMB 570 million in Wuhan to build an R&D center and production base for new energy vehicle control systems and AI computing infrastructure. The project is expected to generate RMB 3 billion in annual output by 2030.

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Full Translation

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Securities Code: 002993

Securities Abbreviation: Aohai Technology

Announcement No.: 2026-036

Dongguan Aohai Technology Co., Ltd.

Announcement on Progress of Investment Agreement Signed by Subsidiary Regarding External Investment

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

Risk Warning

  1. The investment agreement has been formally signed, but the project still requires pre-project procedures such as project filing, environmental impact assessment approval, and leasing of R&D and production facilities. The progress of these procedures is subject to a certain degree of uncertainty. The construction, production, and reaching full capacity of the project will take a certain period. During this process, policy adjustments, market changes, or changes in lease terms may lead to the project's implementation progress falling short of expectations, with risks of change, delay, suspension, or termination.

Furthermore, some government support funds stipulated in the agreement are disbursed conditionally. If the project fails to meet the relevant conditions regarding revenue, R&D investment, or production progress, the Company may not receive the full amount of support funds or may be required to return funds already received, which could affect the project's profitability and the Company's financial condition.

  1. The funding source for this investment project is the Company's own funds. There is uncertainty regarding the timely availability of funds. Fundraising during the investment and construction process, changes in credit policy, and the accessibility of financing channels will expose the Company to certain financial risks.

  2. The estimated investment amount, output value, and tax revenue in the investment agreement are estimates based on the current situation and are subject to uncertainty. They do not represent the Company's commitment to future performance. The Company will implement the plan step by step according to its operating plan, financial situation, and the terms of the agreement.

  3. This investment project is a decision made by the Company based on the current market environment and its mid-to-long-term strategic development plan. However, external factors such as the macroeconomic environment, industry policies, and market demand, as well as internal factors such as the Company's operational management and business expansion, are subject to a certain degree of uncertainty, which may lead to the risk that the investment plan and returns fall short of expectations. We kindly remind investors to pay attention to investment risks.

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