This announcement is made by Guande Electric System (Suzhou) Co., Ltd. (hereinafter referred to as "the Company") regarding the use of part of its idle raised funds for cash management.
Guande Electric System (Suzhou) Co., Ltd. (hereinafter referred to as "the Company") held its seventh meeting of the fifth board of directors on April 24, 2026, and approved the proposal regarding the use of part of the idle raised funds for cash management. The Company and its board of directors agreed that the amount used for cash management shall not exceed 100 million yuan (inclusive). The Company plans to use the raised funds for cash management within 12 months, and the expected annual return rate is between 1.20% and 2.05%.