露笑科技股份有限公司第六届董事会第二十次会议决议公告

Core Viewpoint - The company has decided to postpone the repayment of idle raised funds amounting to 1.83 billion yuan and continue using them for temporary working capital to enhance operational efficiency and reduce financial costs [10][11][17]. Group 1: Board Meeting - The sixth board meeting of the company was held on November 7, 2025, with all eight directors present, and the meeting complied with relevant regulations [2][3]. - The board unanimously approved the proposal to extend the return of idle raised funds for temporary working capital [3][17]. Group 2: Supervisory Meeting - The sixth supervisory meeting took place on November 7, 2025, with all three supervisors present, and the meeting adhered to legal requirements [6][7]. - The supervisory board also approved the proposal, emphasizing that the decision would help meet the company's working capital needs and lower financial costs [7][17]. Group 3: Fund Utilization - The company raised a total of approximately 2.57 billion yuan through a private placement in 2022, with net proceeds of about 2.51 billion yuan after deducting issuance costs [11]. - As of September 30, 2025, the company had previously used 1.83 billion yuan of idle funds for temporary working capital, primarily for operational expenses and repaying loans [14][11]. - The decision to extend the use of these funds is based on the construction progress of specific projects, ensuring that the investment plans remain unaffected [11][15]. Group 4: Financial Impact - The company estimates that using the idle funds for an additional 12 months could save approximately 54.9 million yuan in financial expenses based on the current bank loan interest rate [14][15]. - The company assures that the funds will not be used for high-risk investments and will be returned to the designated account by the end of the extension period [15][18]. Group 5: Compliance and Oversight - The company will establish a special account for managing the raised funds and will sign a tripartite supervision agreement to ensure proper usage [16]. - The sponsor has confirmed that the decision complies with relevant regulations and does not harm the interests of the company or its shareholders [18][19].