Securities Code: 300852 Securities Abbreviation: Sihui Fushi Announcement No.: 2026-019
Sihui Fushi Electronic Technology Co., Ltd. Announcement on the Extension of Some Raised Capital Investment Projects
The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Sihui Fushi Electronic Technology Co., Ltd. (hereinafter referred to as the "Company") held the 19th meeting of the Third Board of Directors on March 30, 2026, and deliberated and passed the "Proposal on the Extension of Some Raised Capital Investment Projects." It was agreed that the Company's "Phase I of the 1.5 million square meter high-reliability PCB expansion project (800,000 square meter PCB production capacity)" will have its equipment investment completion date extended from December 2025 to December 2026, and its production completion date extended from December 2026 to December 2027, without changing the implementation entity, implementation method, construction content, use of raised capital, or investment scale of the raised capital investment project. This extension of the raised capital investment project is within the scope of the Board of Directors' approval authority and does not require submission to the shareholders' meeting for deliberation. The relevant situation is hereby announced as follows:
I. Basic Situation of Raised Capital
As per the "Approval on the Registration of Sihui Fushi Electronic Technology Co., Ltd. for Issuing Convertible Corporate Bonds to Unspecified Objects" (Zhengjian Xuke [2023] No. 1522) issued by the China Securities Regulatory Commission, the Company issued 5.70 million convertible corporate bonds to unspecified objects on August 8, 2023. Each bond has a face value of RMB 100, and the total raised capital was RMB 570 million. After deducting issuance expenses of RMB 7.7804 million, the net amount of raised capital was RMB 562.2196 million. This raised capital was remitted to the Company's designated special account for raised capital on August 14, 2023. On August 14, 2023, Tianzhi International Certified Public Accountants (Special General Partnership) audited the capital verification of the Company's issuance of convertible corporate bonds to unspecified objects and issued the Tianzhiyezi [2023] No. 43779 "Capital Verification Report."
The Company has deposited the aforementioned raised capital in a special account for raised capital and has signed a "Tripartite Supervision Agreement for Raised Capital" with the account-opening bank and the sponsor.
II. Use and Deposit of Raised Capital Investment Project Funds
(I) Use of Funds
As of December 31, 2025, the use of raised capital from the Company's issuance of convertible corporate bonds to unspecified objects is as follows:
| Project Name | Total Project Investment | Planned Investment from Raised Capital | Cumulative Investment | Investment Progress |
|---|---|---|---|---|
| Phase I of the 1.5 million square meter high-reliability PCB expansion project (800,000 square meter PCB production capacity) | 44,802.97 | 43,500.00 | 23,817.95 | 54.75% |
| Supplementary Working Capital (Note) | 13,500.00 | 12,721.96 | 12,737.91 | 100.13% |
| Total | 58,302.97 | 56,221.96 | 36,555.86 | 65.02% |
Note: The adjusted total investment for "Supplementary Working Capital" is RMB 12,721.96 million. As of the reporting date, the cumulative investment amount is RMB 12,737.91 million. The excess of RMB 15.95 million is due to the use of interest income from the special account for raised capital for this project.