Shandong Chuangguang Technology Group Co., Ltd. (hereinafter referred to as "the Company") convened the second meeting of the board of directors on June 2, 2026, and approved the proposal regarding the use of raised funds to increase capital for its wholly-owned subsidiary and provide loans for investment projects. The Company plans to utilize no more than 296 million yuan (including taxes) of the raised funds to support the operational capabilities of its wholly-owned subsidiary, Shandong Chuangguang Electric Technology Co., Ltd. This proposal is in line with the investment plan for the raised funds and has been reviewed and approved by the board of directors.
I. Basic Situation of Fundraising
According to the China Securities Regulatory Commission's approval (Zheng Jian Xu Ke [2026] No. 376), the Company has registered and issued 5,493,334 shares of A-shares, with a total fundraising amount of 73,061,34 million yuan. The share price was set at 13.30 yuan. The total amount raised is 75,071.10 million yuan, of which the net amount after deducting issuance expenses is 64,248.27 million yuan.
The above fundraising occurred on April 30, 2026, as specified by the Company, and the funds were raised from the public offering of shares.