Securities Code: 300894
Bond Code: 123154
Securities Abbreviation: Mars People
Bond Abbreviation: Mars Convertible Bond
Announcement Number: 2026-040
Mars People Kitchenware Co., Ltd.
Announcement on Termination of Raised Funds Investment Project and Continued Deposit of Remaining Funds in Special Account
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Mars People Kitchenware Co., Ltd. (hereinafter referred to as the "Company") held the eighth meeting of the Fourth Board of Directors on June 27, 2026, and reviewed and approved the "Proposal on Terminating the Raised Funds Investment Project and Continuing to Deposit the Remaining Raised Funds in the Special Account." Based on a comprehensive consideration of factors such as the actual implementation of the Raised Funds Investment Project for Issuing Convertible Corporate Bonds to Unspecified Targets (hereinafter referred to as the "Raised Funds Project"), and after careful deliberation, the Company proposes to terminate the "Smart Kitchen Appliance Production Base Construction Project," a Raised Funds Project, and continue to deposit the remaining raised funds of RMB 212 million (the final amount is subject to the balance of the raised funds account) in the special raised funds account, and manage the raised funds in accordance with the Company's relevant management regulations.
This matter is subject to review and approval by the shareholders' meeting and the bondholders' meeting. The specific details are announced as follows:
I. Basic Situation of Raised Funds
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of Mars People Kitchenware Co., Ltd. Issuing Convertible Corporate Bonds to Unspecified Targets" (Zheng Jian Xu Ke [2022] No. 1465), the Company issued 5,289,990 convertible corporate bonds to unspecified targets, with a face value of RMB 100 per bond. The total raised funds amounted to RMB 528,999,000.00. After deducting directly related expenses of RMB 10,246,255.72 (excluding tax) for the issuance of convertible corporate bonds, the net raised funds amounted to RMB 518,752,744.28. The aforementioned raised funds were transferred to the Company's designated account on August 11, 2022. Tianjian Certified Public Accountants (Special General Partnership) audited the fund arrival status and issued the "Verification Report" (Tianjian Yan [2022] No. 407) on August 11, 2022.
Upon arrival, the raised funds were all deposited in the special raised funds account approved by the Company's Board of Directors. The Company, together with the sponsor, and the commercial bank where the raised funds are deposited, signed the "Tripartite Supervision Agreement for Special Account Deposit of Raised Funds."
II. Use of Raised Funds
The Company's Raised Funds Investment Projects and Usage Plan are as follows:
| Serial No. | Project Name | Investment Project Total Amount | Amount of Raised Funds Used | Adjusted Amount of Raised Funds Used | Accumulated Investment Amount (Note) | Investment Progress |
|---|---|---|---|---|---|---|
| 1 | Smart Kitchen Appliance Production Base Construction Project | 100,349.85 | 52,899.90 | 55,879.02 | 34,694.01 | 62.09% |
| Total | 100,349.85 | 52,899.90 | 55,879.02 | 34,694.01 | 62.09% |