Shenzhen Haon Automotive Electronics Equipment Co., Ltd. (hereinafter referred to as "the Company" or "Haon Automotive Electronics") held the 24th meeting of the third board of directors on June 1, 2026, where it reviewed and approved the proposal on the use of part of the idle raised funds for cash management. To enhance the returns on temporarily idle funds and improve the overall profitability of the Company, while ensuring that the construction of the raised funds projects and the normal operations of the Company are not affected, the Company intends to use no more than 1 billion RMB of idle raised funds for cash management. This will involve purchasing cash management products from banks and other financial institutions that have high security and good liquidity, with a usage period of 12 months from the date of approval by the Company's first extraordinary general meeting in 2026. Within the above usage period and limit, the funds can be used in a rolling manner. The matter is subject to approval by the Company's shareholders. The relevant information is announced as follows:
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Basic Situation of the Raised Funds
According to the approval issued by the China Securities Regulatory Commission regarding the issuance of A-shares to specific targets by Shenzhen Haon Automotive Electronics Equipment Co., Ltd. (Document No. [2026] 345), the Company issued 9,412,698 A-shares at a price of 111.12 RMB per share, raising a total of 1,045,939,001.76 RMB. After deducting various issuance expenses of 12,635,684.31 RMB (excluding tax), the net amount of raised funds is 1,033,303,317.45 RMB. The raised funds were transferred to the Company's special account for raised funds on May 22, 2026, and were verified by Deloitte Touche Tohmatsu CPA Ltd., which issued a verification report (Deloitte Verification No. [2026] 441C000139). To standardize the management and use of raised funds and protect the interests of investors, the Company signed a tripartite supervision agreement and a quadripartite supervision agreement with the sponsor and the commercial bank holding the raised funds. -
Commitment to Investment Projects of the Raised Funds
According to the prospectus disclosed by the Company for the issuance of shares to specific targets in 2025, the raised funds are intended to be invested in the following projects:
| No. | Project Name | Estimated Total Investment (10,000 RMB) | Planned Investment from Raised Funds (10,000 RMB) |
|-----|--------------|------------------------------------------|--------------------------------------------------|
| 1 | Haon Automotive Electronics Shenzhen Production Line Expansion Project | 39,288.09 | 30,446.26 |
| 2 | Huizhou Haon Automotive Electronics Production Line Construction Project | 55,747.03 | 47,187.65 |
| 3 | Haon Automotive Electronics R&D Center Upgrade Project | 50,180.40 | 26,960.00 |
| Total | | 145,215.52 | 104,593.91 |