Shenzhen Akita Micro Electronics Co., Ltd.
Announcement on Terminating Part of Raised Fund Projects and Investing Remaining Raised Funds into New Projects
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.
Shenzhen Akita Micro Electronics Co., Ltd. (hereinafter referred to as the "Company" or "Akita Micro") held the 12th meeting of the Third Board of Directors on August 14, 2026, and deliberated and passed the "Proposal on Terminating Part of Raised Fund Projects and Investing Remaining Raised Funds into New Projects." To improve the efficiency of raised fund utilization and based on the Company's current development needs, the Company plans to terminate the raised fund project "R&D Center Construction Project" and invest the remaining raised funds of 35.3496 million RMB (including the balance of the special settlement account for entrusted wealth management products that have not yet matured and net interest income after deducting fees; the actual amount is subject to the bank settlement balance at the time of change) into the new project "Optical Switch Device R&D and Industrialization Project."
This matter does not constitute a related party transaction, nor does it constitute a major asset restructuring as stipulated in the "Administrative Measures for Major Asset Restructuring of Listed Companies." This matter needs to be submitted to the Company's general meeting of shareholders for deliberation and approval before implementation. The specific situation is announced as follows:
I. Basic Situation of Raised Funds
As approved by the China Securities Regulatory Commission's "Approval on the Registration of Shenzhen Akita Micro Electronics Co., Ltd.'s Initial Public Offering of Shares" (Zheng Jian Xu Ke [2021] No. 10) and agreed by the Shenzhen Stock Exchange, the Company issued 20 million ordinary shares (A shares) to the public, with a par value of RMB 1.00 per share and an issuance price of RMB 37.18 per share. The total amount of raised funds was RMB 743,600,000.00. After deducting issuance expenses of RMB 49,768,867.92 (excluding tax), the net amount of raised funds was RMB 693,831,132.08, of which the over-raised funds amounted to RMB 196,837,300.00. The raised funds were transferred to the Company's designated account on January 22, 2021. The arrival of these raised funds was audited by Tianjian Certified Public Accountants (Special General Partnership), which issued the "Capital Verification Report" (Tian Jian Yan [2021] 3-2) on January 25, 2021, confirming the receipt of the raised funds.
The Company manages the raised funds in a special account in accordance with regulations. After the raised funds arrived, they were all deposited into the special account for raised funds and signed corresponding supervision agreements with the sponsor and the commercial banks where the raised funds are deposited.
II. Use of Raised Funds
As of August 13, 2026, the Company's actual use of raised funds is as follows: