Suzhou Good-Ark Electronics updates on non-public share issuance, project funding

Suzhou Good-Ark Electronics announced updates regarding its non-public issuance of shares. The company’s financial highlights for 2024 and the first half of 2025 show revenues of CNY 5,647,375,817.12 and CNY 1,992,925,820.32, respectively. Net profit for the same periods was CNY 7,192,120.00 and CNY 4,370,210.00. The non-public offering of up to CNY 88,680.00 will fund three key projects: a CNY 50,000.00 solar electronic paste project, a CNY 15,000.00 small signal product packaging and testing project, and a CNY 37,329.00 innovation research institute project, with the remaining CNY 26,600.00 allocated to working capital.

The company addressed an audit inquiry, confirming no significant negative impact from related-party transactions or changes in business operations. Fixed asset impairment, particularly for AICS machines, was re-evaluated, and a revised assessment resulted in an increased recoverable amount. Suzhou Good-Ark's board approved the extension of the resolution validity for the non-public offering by 12 months, with shareholders' approval pending.