Xinhenghui: Plans to use the excess raised funds of 87.8165 million yuan to build a new project, through the 2026 restricted stock incentive plan.

Xinhenghui announced that the company's second board of directors held its twentieth meeting, during which it reviewed and approved the proposal regarding the use of over-raised funds to invest in new projects. It plans to use a total of 87.8165 million yuan raised from the initial public offering and 42.1835 million yuan of its own funds for the expansion of the etching lead frame production workshop and the expansion project for the Internet of Things eSIM chip packaging and testing. The meeting also reviewed and approved the proposal regarding the company and its summary, the proposal regarding the company, and the proposal to request the shareholders' meeting to authorize the board of directors to handle matters related to the 2026 restricted stock incentive plan. The above proposals still require submission to the shareholders' meeting for approval.