Beijing Haochuang Ruitong Electric Equipment Co., Ltd. Announcement on Adjusting the Use of Part of the Raised Funds (Including Excess Raised Funds) and Adding New Raised Fund Investment Projects and Resigning the Three-Party Supervisory Agreement for Raised Funds
The Company and all members of its Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
I. Overview of Raised Funds
With the approval of the China Securities Regulatory Commission (hereinafter referred to as "CSRC") in its "Approval on the Registration of the Initial Public Offering of Shares by Beijing Haochuang Ruitong Electric Equipment Co., Ltd." (Zhengjian Xuke [2025] No. 1516), Beijing Haochuang Ruitong Electric Equipment Co., Ltd. (hereinafter referred to as the "Company") issued 27.9 million shares of RMB ordinary shares (A shares) at a par value of RMB 1 per share and an issuance price of RMB 21.00 per share. The total amount of raised funds from this issuance was RMB 585.90 million. After deducting issuance expenses of RMB 6.97483 million (excluding value-added tax), the net amount of raised funds was RMB 516.1517 million. The raised funds were transferred to the Company's designated account on September 17, 2025. Tianjian Certified Public Accountants (Special General Partnership) audited the capital verification of the raised funds and issued the "Capital Verification Report" (Tianjian Yan [2025] No. 8-14). The Company has managed the aforementioned raised funds in special accounts and has signed a "Three-Party Supervisory Agreement for Raised Funds" with the sponsor and the commercial bank where the raised funds are deposited.
II. Resigning the "Three-Party Supervisory Agreement for Raised Funds" and Opening of Raised Fund Special Accounts
The Company held the 22nd meeting of the Second Board of Directors on February 5, 2026, and the 2026 First Extraordinary General Meeting of Shareholders on February 27, 2026. Both meetings deliberated and approved the "Proposal on Adjusting the Use of Part of the Raised Funds (Including Excess Raised Funds) and Adding New Raised Fund Investment Projects." It was agreed that the Company would adjust the total investment amount, internal investment structure, implementation entity, and implementation location of the raised fund investment projects from its initial public offering of shares: "Smart Ring Network Cabinet Production Project," "Smart Pole-Mounted Switch Production Project," and "Smart Power Distribution R&D Center Construction Project." The implementation method and construction period of the "Smart Power Distribution R&D Center Construction Project" were also adjusted. It was agreed to use the reduced portion of the raised funds and excess raised funds for the new project "Box-Type Substation and Low-Voltage Switchgear Production Project." The Company was authorized to set up special accounts for raised funds and provide funds to the implementation entities through capital contributions and loans as needed for the project implementation, and the Company's chairman or their authorized representative was authorized to handle relevant matters. It was agreed that the implementation entities would first use their own funds to pay part of the raised fund investment project expenses, and these would be repaid with raised funds on a pro-rata basis later. Before the repayment, the Company would fulfill the review procedures and information disclosure obligations. For details, please refer to the "Announcement on Adjusting the Use of Part of the Raised Funds (Including Excess Raised Funds) and Adding New Raised Fund Investment Projects" disclosed on Juchao Information Network on February 6, 2026 (Announcement No.: 2026-004).