Guoguang Electric Appliances established a dedicated fund-raising cash management account and signed a tripartite supervision agreement.

Guoguang Electric Appliances announced that, with the approval of the China Securities Regulatory Commission, the company issued shares to specific investors, raising 1.375 billion yuan on December 14, 2023, and deposited it into a special account. Recently, the company opened a special settlement account for cash management of the funds raised at China Galaxy Securities Guangzhou Dongfeng Middle Road Securities Office, which is only used for idle fund cash management. The company analyzed the systematic and operational risks that investments may face, and formulated corresponding control measures. Using idle funds for cash management does not affect the use of funds for investment projects and normal operations, but can also improve fund efficiency and returns. The company also disclosed the main contents of the tripartite supervision agreement, which is effective from the signing date to the termination of the special account, with the sponsoring institution's obligations lasting until December 31, 2025.