GAD's fundraising situation in the first half of 2025: plans to terminate the expansion project

GAD Co., Ltd. released the special report on the storage and use of raised funds for the first half of 2025. In April 2023, the company issued 2.9302 million shares to specific targets, raising a net amount of 84.6577 million yuan. As of the end of the period, the cumulative project investment was 1.9747 million yuan, net interest income was 3.6183 million yuan, the expected surplus was 86.3013 million yuan, and the actual surplus was 87.7419 million yuan. The company has established the "Fundraising Management System" and signed relevant regulatory agreements. During this reporting period, there were no abnormal investments in the fundraising projects, and there were no significant issues with usage and disclosure. The "Lithium Battery Energy Storage Cabinet Fire Prevention and Inerting Explosion Suppression System Expansion Project" is proposed to be terminated due to external environment, market changes, and existing capacity meeting demand. The remaining raised funds will continue to be managed in a dedicated account