Liangxin Co., Ltd.: The project of developing and manufacturing intelligent low-voltage electrical appliances has been completed, and the remaining funds will be permanently allocated to supplement working capital.

Lianghai Shares Announcement: The company held the seventh meeting of the seventh board of directors on December 3, 2025, and approved the "Proposal on Completing Some Investment Projects with Raised Funds and Permanently Supplementing Working Capital with Surplus Funds." It was agreed to close the "Intelligent Low-Voltage Appliance R&D and Manufacturing Base Project," with a surplus of raised funds of 247 million yuan, as well as to permanently supplement working capital with unused raised funds. The committed investment amount for this project is 1.312 billion yuan, the actual cumulative investment amount is 1.097 billion yuan, and the net amount after deducting interest income and fees is 32.3453 million yuan. The surplus funds will be used for the company's daily production and operation, business development, and the remaining contract payments and warranty funds will be paid with self-owned funds.