I. Basic Information on Fundraising
According to the approval from the China Securities Regulatory Commission regarding Shenzhen Minbao Optoelectronics Co., Ltd.'s initial public offering (Approval No. [2023] 1107), the company publicly issued 26,170,000 ordinary shares (A shares) at a price of RMB 51.05 per share in July 2023, raising a total of RMB 1,335,978,500.00. After deducting underwriting and sponsorship fees and other issuance costs of RMB 92,990,761.09, the actual net amount raised was RMB 1,242,987,738.91. Upon receipt, all raised funds have been deposited into a special account, and agreements for the supervision of these funds have been signed with the sponsoring institution, Guosen Securities Co., Ltd., and the commercial bank holding the special account.
II. Use of Fundraising
On September 26, 2024, the company held the first special meeting of independent directors and the sixteenth meeting of the second board of directors, and on October 14, 2024, it convened the second extraordinary shareholders' meeting of 2024, where it approved the proposal to adjust the investment amount and structure of certain fundraising projects and to use surplus funds for new projects. The adjustments include changes to the investment amount and structure of the "LED Lighting Automation Expansion Project" and reallocating surplus funds to the "LED Industrial Lighting and Special Lighting Production Base Construction Project" and the "Vietnam LED Lighting Production Base Construction Project." As of December 31, 2025, the usage of the fundraising projects is as follows: