Securities Code: 301200 Securities Abbreviation: Grand Seiko Technology Announcement No.: 2026-029
Shenzhen Grand Seiko Technology Co., Ltd. Announcement on the Company's Use of Part of the Raised Funds from A-shares to Temporarily Supplement Working Capital
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Shenzhen Grand Seiko Technology Co., Ltd. (hereinafter referred to as the "Company") held the 21st meeting of the Second Board of Directors on March 30, 2026, and reviewed and approved the "Proposal on the Company's Use of Part of the Idle Raised Funds from A-shares to Temporarily Supplement Working Capital." The Company agreed to use no more than RMB 200 million of idle raised funds from A-shares to temporarily supplement working capital. The relevant situation is hereby announced as follows:
I. Basic Situation of Raised Funds from A-shares
With the approval of the China Securities Regulatory Commission's "Approval on the Registration of Shenzhen Grand Seiko Technology Co., Ltd.'s Initial Public Offering of Shares" (Zheng Jian Xu Ke [2021] No. 4134), the Company issued 42 million shares of RMB ordinary shares (A-shares) in its initial public offering. According to the "Capital Verification Report of Shenzhen Grand Seiko Technology Co., Ltd." (Rong Cheng Yan Zi [2022] No. 518Z0010) issued by Rong Cheng Certified Public Accountants (Special General Partnership), as of February 22, 2022, the total amount of raised funds was RMB 3,215,520,000.00. After deducting issuance expenses (excluding tax) of RMB 133,741,703.26, the net amount of raised funds was RMB 3,081,778,296.74. After deducting the capital demand for the raised fund investment projects, the surplus raised funds (hereinafter referred to as "surplus funds") amounted to RMB 1,375,246,296.74. The raised funds have all been deposited in the special account for raised funds established by the Company. The Company has signed a tripartite custody agreement for the raised funds with the sponsor and the commercial banks where the raised funds are deposited.
II. Plan and Use of Raised Funds from A-shares
(I) Plan for Use of Raised Funds
According to the Company's A-share "Prospectus," after deducting issuance expenses, the raised funds from the initial public offering of shares will be invested in the following projects:
| No. | Project Name | Total Investment Amount (RMB 10,000) | Planned Investment Amount from Raised Funds (RMB 10,000) |
|---|---|---|---|
| 1 | PCB Special Equipment Production Expansion and Renovation Project | 152,393.03 | 152,393.03 |
| 2 | PCB Special Equipment Technology R&D Center Construction Project | 18,260.17 | 18,260.17 |
| Total | 170,653.20 | 170,653.20 |
(II) Use of Raised Funds
- Use of Funds for Investment Projects
As of December 31, 2025, the cumulative amount of raised funds directly invested in the investment projects was RMB 126,662.74 million. The specific usage is as follows: