Hubei Feilihua Quartz Glass Co., Ltd. Announcement on Opening Special Accounts for Raised Funds and Signing of Tripartite Supervision Agreement
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
I. Basic Information on Raised Funds
According to the approval from the China Securities Regulatory Commission regarding Hubei Feilihua Quartz Glass Co., Ltd.'s issuance of shares to specific targets (Approval No. [2026] 1042), the company issued 3,459,409 ordinary shares (A shares) at a price of RMB 86.72 per share, raising a total of RMB 299,999,948.48. After deducting issuance costs of RMB 6,305,149.66 (excluding VAT), the actual net amount raised is RMB 293,694,798.82. This funding has been verified by Zhongqin Wanxin Certified Public Accountants (Special General Partnership), which issued a verification report (Report No. [2026] 0015).
II. Opening of Special Accounts for Raised Funds and Signing of Supervision Agreement
To standardize the management and use of raised funds and effectively protect investors' rights, the company held the 25th meeting of the 6th Board of Directors on April 10, 2026, and approved the proposal to open special accounts for raised funds and authorize the signing of a supervision agreement. The company and the project implementation entity, Hubei Dingyi New Materials Co., Ltd. (hereinafter referred to as "Dingyi New Materials"), will open special accounts for raised funds and sign a supervision agreement with the underwriter, Changjiang Securities Underwriting and Sponsorship Co., Ltd. (hereinafter referred to as "Changjiang Sponsorship"), and the banks to supervise the storage and use of the raised funds. Recently, the company has opened a special account for raised funds at Hubei Bank Co., Ltd. Jingzhou Jiangbei Branch, and Dingyi New Materials has opened a special account at China Merchants Bank Co., Ltd. Jingzhou Branch, and signed the tripartite supervision agreement with the aforementioned banks and Changjiang Sponsorship.
As of the date of this announcement, the status of the special accounts for raised funds is as follows: