Guangdong Lvtong New Energy Electric Vehicle Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
I. Review of Idle Raised Funds Cash Management
The Company held the 23rd meeting of the 3rd Board of Directors and the 22nd meeting of the 3rd Supervisory Board on January 22, 2025, and convened the second extraordinary general meeting of shareholders in 2025 on February 10, 2025, to review and approve the proposal on the continued use of part of the idle raised funds (including oversubscribed funds) for cash management. The Company agreed to continue using a total of no more than 1.85 billion yuan of idle raised funds (including oversubscribed funds) for cash management, ensuring that it does not affect normal operations and the construction of investment projects. This authorization is valid for 12 months from the expiration date of the previous authorization for cash management of idle raised funds, specifically from March 30, 2025, to March 29, 2026, and can be used in a rolling manner within the aforementioned limit and period. For detailed content, please refer to the announcement titled "Proposal on the Continued Use of Part of the Idle Raised Funds (Including Oversubscribed Funds) for Cash Management" disclosed by the Company on January 23, 2025, on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No.: 2025-008).