Guanglian Aviation Industry Co., Ltd. Board of Directors' Special Report on the Status of Fund Raising and Use for 2025
In accordance with the "Supervision Measures for the Management of Raised Funds by Listed Companies" issued by the China Securities Regulatory Commission and the "Self-Regulatory Guidelines for the Regulation of Listed Companies on the GEM" issued by the Shenzhen Stock Exchange, and relevant announcement format regulations, the Board of Directors of Guanglian Aviation Industry Co., Ltd. (hereinafter referred to as "the Company" or "this Company") has compiled this Special Report on the Status of Fund Raising and Use for 2025. The relevant situation is hereby reported as follows:
I. Basic情况 of Raised Funds
- Amount of Funds Actually Raised and Time of Arrival With the approval of the China Securities Regulatory Commission's "Reply on Approving the Registration of Guanglian Aviation Industry Co., Ltd.'s Issuance of Convertible Corporate Bonds to Unspecified Objects" (Securities Regulatory License [2023] No. 46), Guanglian Aviation Industry Co., Ltd. issued 7,000,000 convertible corporate bonds to unspecified objects on the GEM, with a face value of RMB 100.00 per bond. The total amount of raised funds was RMB 700,000,000.00. After deducting the underwriting and sponsorship fees payable to AVIC Securities Co., Ltd., including value-added tax, amounting to RMB 5,300,000.00, the remaining amount of RMB 694,700,000.00 was remitted to the special account for raised funds opened by the Company on March 28, 2023.
After deducting the aforementioned underwriting and sponsorship fees and other issuance expenses (excluding value-added tax) totaling RMB 7,952,379.49 from the total amount of raised funds from the issuance of convertible corporate bonds to unspecified objects on the GEM, the net amount of raised funds is RMB 692,047,620.51. Tianzhi International Certified Public Accountants (Special General Partnership) has conducted capital verification and issued the "Capital Verification Report of Guanglian Aviation Industry Co., Ltd." (Tianzhi Accounting [2023] No. 24965) on March 29, 2023, confirming the arrival of the raised funds.
The Company, together with its sponsor AVIC Securities Co., Ltd., has signed the "Tripartite Supervision Agreement for Raised Funds" with Industrial Bank Co., Ltd. Harbin Branch, China Merchants Bank Co., Ltd. Harbin Branch, Shanghai Pudong Development Bank Co., Ltd. Harbin Branch, and Bank of Communications Co., Ltd. Harbin Qunli Branch.
- Amount Used During the Reporting Period and Year-End Balance As of December 31, 2025, the Company had cumulatively used RMB 689,045,505.46 of raised funds, of which RMB 861,280.76 was used during the reporting period, all of which was invested in raised fund projects.
As of December 31, 2025, the Company had cumulatively used RMB 689,045,505.46 of raised funds. The balance of funds from completed investment projects that were permanently supplemented to working capital was RMB 5,408,889.08. The balance in the special account for raised funds was RMB 243,232.95. The difference between this and the net amount of raised funds (after deducting issuance expenses) of RMB 692,047,620.51 is RMB 2,650,006.98, which is the net amount of accumulated interest income from raised funds after deducting bank handling fees.
II. Status of Raised Fund Depository and Management (I) Management System for Raised Funds The Company has formulated and revised the "Guanglian Aviation Industry Co., Ltd. Management System for Raised Funds" (hereinafter referred to as the "Management System") in accordance with the requirements of the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Administrative Measures for Securities Issuance by Listed Companies," "Supervision Measures for the Management of Raised Funds by Listed Companies," and "Self-Regulatory Guidelines for the Regulation of Listed Companies on the GEM" issued by the Shenzhen Stock Exchange. The Management System stipulates a special account deposit system for raised funds, and regulates the deposit, use, project implementation management, and supervision of changes and use of investment projects for raised funds.