Core Viewpoint - Loushow Technology (002617) has achieved significant technological breakthroughs in silicon carbide (SiC) substrates, marking advancements in both conductive and semi-insulating types, which positions the company favorably in the large-size market segment [1][6]. Group 1: Technological Advancements - The company has successfully developed 12-inch silicon carbide single crystal samples, completing the entire process from crystal growth to substrate testing [1][6]. - This achievement follows the earlier breakthrough in 8-inch conductive silicon carbide substrates, indicating a comprehensive product matrix of conductive and semi-insulating types [1][6]. Group 2: Industrial Strategy - Loushow Technology has outlined a new industrialization path, planning to expand production capacity based on the existing Phase I project at its Hefei base [4][9]. - The new production lines will focus on the large-scale manufacturing of 8-inch conductive silicon carbide substrates and 12-inch semi-insulating substrates, aiming to meet the growing market demand in sectors such as electric vehicles, photovoltaic power generation, energy storage, consumer electronics, and industrial control [4][9].

Core Viewpoint - Luxshare Technology has adjusted its fundraising project and share repurchase plans, with the silicon carbide project nearing its production deadline and experiencing fluctuations in fund flow [1] Recent Events - On February 2, 2026, Luxshare Technology held an extraordinary shareholders' meeting, approving the adjustment of investment scale for certain fundraising projects and the change of share repurchase purposes. The investment scale for the Hefei silicon carbide project was reduced from 1.94 billion to 990 million, with surplus funds allocated to supplement working capital. This decision may impact the company's future capital allocation and project progress [2] Project Progress - The Hefei silicon carbide project was originally scheduled to reach production by June 2026, but has faced multiple delays. As of November 2025, only approximately 127 million (6.53% of the original plan) of the raised funds had been utilized. In January 2026, the company announced the adjustment of fundraising scale, citing intensified market competition and changes in demand. Investors should monitor whether the project can meet the June 2026 production deadline or face further delays [3] Fund Flow - In January 2026, Luxshare Technology experienced multiple instances of net fund outflow, indicating increased short-term capital speculation. Despite a single-day net inflow of 76.8 million on December 29, 2025, the frequent fluctuations in fund flow may affect stock price stability [4]

Group 1 - The company has decided to extend the return of idle raised funds amounting to 183 million yuan for temporary working capital supplementation, with a usage period not exceeding 12 months from the board's approval date [1][2] - The company has adhered to relevant laws and regulations during the use of idle raised funds, ensuring that the normal implementation of investment projects is not affected and that the funds are not used for high-risk investments [2] - As of the announcement date, the remaining balance of idle raised funds for temporary working capital supplementation is 126.5 million yuan [3] Group 2 - The company approved the use of up to 50 million yuan of idle raised funds for cash management to improve fund efficiency and reduce financial costs, with a usage period not exceeding 12 months [5] - Recently, the cash management products purchased with idle raised funds have matured and the principal and returns have been returned to the company's dedicated raised funds account [6] - As of the announcement date, there are no remaining balances of idle raised funds used for cash management that have not matured, complying with the board's authorization limit [6]

露笑科技股份有限公司 关于归还部分暂时补充流动资金的闲置募集资金的公告 证券代码：002617 证券简称：露笑科技 公告编号：2026-012 二〇二六年二月三日 截至本公告披露日，公司尚未归还的用于暂时补充流动资金的闲置募集资金 余额为 126,500 万元。 特此公告。 露笑科技股份有限公司董事会 露笑科技股份有限公司（以下简称"公司"）于 2025 年 11 月 7 日召开的 第六届董事会第二十次会议和第六届监事会第十七次会议，审议通过了《关于延 期归还闲置募集资金并继续用于暂时补充流动资金的议案》，鉴于公司募集资金 投资项目建设需要一定周期，部分募集资金存在暂时闲置的情况，为提高公司募 集资金使用效率，满足公司日常经营对流动资金增加的需求，减少公司的财务费 用支出，优化财务结构，维护公司和股东的利益，在保证募集资金投资项目正常 进行的前提下，公司延期归还闲置募集资金 183,000 万元并继续用于暂时补充流 动资金，使用期限为自董事会审议通过之日起不超过 12 个月，具体内容详见公 司 2025 年 11 月 8 日披露的《关于延期归还闲置募集资金并继续用于暂时补充 流动资金的公告》（公告编号：202 ...

一、使用暂时闲置募集资金购买现金管理产品到期赎回的情况 上述现金管理产品本金及收益已经及时归还至公司募集资金专用账户。 证券代码：002617 证券简称：露笑科技 公告编号：2026-013 露笑科技股份有限公司 关于使用暂时闲置募集资金进行现金管理 到期赎回的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 露笑科技股份有限公司（以下简称"公司"）于 2025 年 5 月 14 日召开的 第六届董事会第十四次会议和第六届监事会第十二次会议，审议通过了《关于使 用部分闲置募集资金进行现金管理的议案》，为提高公司募集资金使用效率，进 一步降低财务成本，在保证募集资金投资项目建设资金需求及项目正常进行的前 提下，公司使用部分募集资金不超过 50,000 万元进行现金管理，期限自董事会 审议批准该议案之日起不超过 12 个月，在上述额度内的资金可在使用期限内 循环滚动使用，具体内容详见公司 2025 年 5 月 15 日披露的《关于使用部分闲 置募集资金进行现金管理的公告》（公告编号：2025-028）。 近日，公司使用闲置募集资金购买的现金管理产品已到期赎回， ...

Meeting Overview - The first temporary shareholders' meeting of Luxiao Technology Co., Ltd. was held on February 2, 2026, at 14:30 [4] - The meeting was conducted both in-person and via online voting, with a total of 1,507 shareholders present, representing 208,994,690 shares, which is 10.9469% of the total voting shares [6] Voting and Resolutions - The meeting approved three key resolutions: 1. Adjustment of investment scale for certain fundraising projects and permanent allocation of surplus funds to working capital, with 98.9459% approval from attending shareholders [8] 2. Change of repurchase share usage and cancellation, with 99.1478% approval from attending shareholders [9] 3. Amendment of the company's articles of association, with 99.0232% approval from attending shareholders [10] Legal Compliance - The procedures for convening and conducting the shareholders' meeting were confirmed to be in compliance with relevant laws and regulations, ensuring the legitimacy and validity of the meeting and its resolutions [11]

国浩律师（杭州）事务所 法律意见书 国浩律师（杭州）事务所 关 于 露笑科技股份有限公司 2026 年第一次临时股东会的 法律意见书 杭州市老复兴路白塔公园 B 区 2 号、15 号楼（国浩律师楼） 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang, 310008, China 电话：0571-81676827 传真：0571-85775643 网址/Website: http://www.grandall.com.cn 二〇二六年二月 国浩律师（杭州）事务所 法律意见书 国浩律师（杭州）事务所 关 于 为出具本法律意见书，本所律师出席了公司本次股东会，审查了公司提供的 本次股东会的有关文件的原件及复印件，包括但不限于公司召开本次股东会的各 项议程及相关决议等文件，同时听取了公司就有关事实的陈述和说明。 公司已向本所承诺，公司所提供的文件和所作陈述及说明是完整、真实和有 效的，有关原件及其上面的签字和印章是真实的，且一切足以影响本法律意见书 的事实和文件均已向本所披 ...

露笑科技股份有限公司 证券代码：002617 证券简称：露笑科技 公告编号：2026-011 2026 年第一次临时股东会决议公告 一、会议召开和出席情况 1、会议召开 （1）时间 ①现场会议时间：2026 年 2 月 2 日（星期一）下午 14:30 ②网络投票时间：2026 年 2 月 2 日。其中，通过深圳证券交易所交易系统进 行网络投票的具体时间为 2026 年 2 月 2 日上午 9：15-9：25，上午 9：30-11：30， 下午 13：00-15：00；通过深圳证券交易所互联网投票系统投票的具体时间为 2026 年 2 月 2 日上午 9:15—下午 15:00 期间的任意时间。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性 陈述或重大遗漏。 特别提示： 1、为尊重中小投资者利益，提高中小投资者对公司股东会决议的重大事项的 参与度，本次股东会审议的议案对中小投资者单独计票。中小投资者是指除上市公 司董事、高级管理人员以及单独或者合计持有公司5%以上股份的股东以外的其他 股东。 2、本次股东会无增加、变更、否决议案的情形。 （2）现场会议召开地点：浙江省诸暨市陶 ...

Group 1 - The company received a total of 259.46 million yuan in renewable energy subsidy funds for the year 2025, representing a 57.26% increase compared to the previous year [1] - The recovery of these subsidy funds is expected to improve the company's cash flow and positively impact overall business development and reinvestment in power station projects [2] - The renewable energy subsidy funds will be recognized as revenue in the corresponding year's electricity sales, thus not significantly affecting the company's profit and loss for 2025, pending the results of the annual audit by accountants [2]

Market Overview - The electricity sector experienced a slight decline of 0.05% on the previous trading day, with Huaguang Huaneng leading the drop [1] - The Shanghai Composite Index closed at 4132.61, down 0.09%, while the Shenzhen Component Index closed at 14316.64, down 0.85% [1] Stock Performance - Notable gainers in the electricity sector included: - TuoRi New Energy (002218) with a closing price of 6.01, up 10.07% on a trading volume of 210,600 shares and a transaction value of 127 million [1] - Haoling Power (600452) closed at 11.86, up 5.33% with a trading volume of 993,900 shares and a transaction value of 1.15 billion [1] - Meiyan Jixiang (600868) closed at 5.18, up 4.86% with a trading volume of 5,210,400 shares and a transaction value of 2.74 billion [1] - Conversely, significant decliners included: - Huaguang Huaneng (600475) closed at 19.53, down 7.96% with a trading volume of 286,200 shares and a transaction value of 572 million [2] - Jinko Technology (601778) closed at 4.22, down 4.95% with a trading volume of 2,079,800 shares and a transaction value of 887 million [2] - Luxiao Technology (002617) closed at 9.15, down 4.69% with a trading volume of 1,979,600 shares and a transaction value of 1.83 billion [2] Capital Flow - The electricity sector saw a net outflow of 1.975 billion from institutional investors, while retail investors contributed a net inflow of 1.463 billion [2] - The capital flow for specific stocks showed: - Meiyan Jixiang (600868) had a net inflow of 150 million from institutional investors, while it faced a net outflow of 121 million from speculative funds [3] - TuoRi New Energy (002218) experienced a net inflow of 68.87 million from institutional investors, with a significant outflow from retail investors [3]