Securities Code: 301202 Securities Abbreviation: Langwei Shares Announcement No.: 2026-017
Suzhou Langwei Electronic Machinery Co., Ltd. Announcement on Company Using Idle Raised Funds and Own Funds for Cash Management
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 representations, misleading statements, or material omissions.
Suzhou Langwei Electronic Machinery Co., Ltd. (hereinafter referred to as the "Company") held the twelfth meeting of the Fourth Board of Directors on April 24, 2026, and deliberated and passed the "Proposal on the Company Using Idle Raised Funds and Own Funds for Cash Management." It was agreed that without affecting the normal progress of the Company's raised fund investment plan, the Company would use idle raised funds not exceeding RMB 150 million and own funds not exceeding RMB 300 million for cash management. These funds will be used to purchase low-risk wealth management products with high security and good liquidity, with a maximum term of 12 months for each product. Within the above limits, funds can be rolled over. The Company has authorized the Chairman or his authorized representative to exercise this investment decision-making power and sign relevant contract documents. The authorization period is valid for 12 months from the date of the Board of Directors' approval. The specific content is as follows:
I. Basic Situation of Raised Funds
With the approval of the "Approval on Registering the Initial Public Offering of Shares of Suzhou Langwei Electronic Machinery Co., Ltd." (Zhengjian Permit [2023] No. 1051) issued by the China Securities Regulatory Commission, the Company issued 34.10 million shares of RMB common stock (A shares) to the public, with a par value of RMB 1 per share and an offering price of RMB 25.82 per share. The total raised funds amounted to RMB 880.462 million. After deducting issuance expenses of RMB 137.0692 million (excluding VAT), the net raised funds were RMB 743.3928 million. The raised funds were transferred to the Company's designated account on June 30, 2023. Zhonghui Certified Public Accountants (Special General Partnership) audited the capital verification of the Company's initial public offering of shares and issued the Capital Verification Report [2023] No. 8290.
The Company has established a special account for the storage of raised funds and has signed a "Tripartite Supervision Agreement for Raised Funds" with the sponsor and the bank where the raised funds are deposited.
II. Use and Investment of Raised Funds
As of the disclosure date of this announcement, the investment and utilization plan for raised funds is as follows:
| Project Name | Investment Amount (RMB Million) | Raised Fund Investment Amount (RMB Million) |
|---|---|---|
| New Production Intelligent Cabinet Project | 26,000.00 | 17,500.00 |
| Prefabricated Module (Data Center) Project A | 42,700.00 | 27,402.30 |
| Data Center Cabinet System R&D Center Construction Project | 4,496.98 | 4,496.98 |
| Supplementing Working Capital | 3,000.00 | 3,000.00 |
| Total | 76,196.98 | 52,399.28 |