Harbin Boshi Automation closes convertible bond fundraising accounts

Harbin Boshi Automation Co., Ltd. has completed its public offering of convertible bonds, utilizing the surplus proceeds to permanently replenish working capital and close the special fundraising accounts. The company's public offering of 4,500,000 convertible bonds, each valued at 100.00, generated a total of 450,000,000.00. After deducting issuance expenses of 6,581,381.68 (excluding value-added tax), the net proceeds amounted to 443,418,618.32.

The company's board of directors and supervisory board approved the finalization of the convertible bond fundraising project and the permanent replenishment of working capital with the surplus funds on November 10, 2025, with shareholder approval granted on November 27, 2025. This move ensures the efficient use of capital and adherence to regulatory guidelines.

A total of 56,665,200.00, including accumulated interest and cash management gains, net of a 9,981,100.00 handling fee, has been transferred to working capital. Following this, the special fundraising accounts with Industrial Bank Co., Ltd. Harbin Branch and Shanghai Pudong Development Bank Co., Ltd. Kunshan Branch have been closed, effectively terminating the tripartite supervision agreements previously in place.