Bei Mo Gao Ke closes aircraft landing gear project, cancels fund account

Beijing Bei Mo Gao Ke Friction Material Co., Ltd. has completed its "Civilian Large Aircraft Landing Gear System Integrated Testing Project," with all allocated funds utilized. The company will now close the associated special fundraising account. This action follows the company's public issuance of 37.54 million shares at RMB 22.53 per share on April 29, 2020, which raised gross proceeds of RMB 845,776,200.00. After deducting issuance expenses of RMB 71,694,879.25, the net proceeds amounted to RMB 774,081,320.75.

According to the announcement, the "Civilian Large Aircraft Landing Gear System Integrated Testing Project" utilized RMB 6,119.87 (in RMB thousands) against a budgeted RMB 6,109.80 (in RMB thousands). The project’s completion was formally approved by the company's Second Extraordinary General Meeting on November 13, 2023, which also approved the transfer of remaining funds from other projects into this one. As of the disclosure date, the special account for this project has a zero balance and has been formally closed.

The cancellation of this special fundraising account also terminates the tripartite supervision agreement signed with Changjiang Securities Underwriting & Sponsorship Co., Ltd. and China Minsheng Bank Beijing Media Village Sub-branch. This move is in accordance with regulatory requirements for managing and utilizing raised funds.