Hans CNC: Intends to Change the Use of Proceeds from the Global Offering of H Shares

Han's CNC announced that the net proceeds from the Company's global offering of H shares amounted to approximately RMB 4.796 billion, of which approximately RMB 1.555 billion, or 32.43%, had been utilized as of October 31, 2026. The Board recommends reallocating RMB 1.439 billion of the unused proceeds under the "enhancing R&D and operational capabilities" item to "expanding production capacity for PCB-specific equipment." Following the adjustment, the allocation proportion for this project will increase to 70%, and the remaining unused funds are expected to be fully utilized by the end of 2027. This change is due to downstream demand for high-end AI PCB capacity exceeding expectations, requiring the Company's capacity construction progress to match delivery demand. The change is still subject to approval by the shareholders' meeting.