Announcement by Shanghai移远 Communication Technology Co., Ltd. on Redemption of Idle Raised Funds for Cash Management

MaticHoleFiller · 2026-03-25T01:11:05+00:00

Shanghai Fibocom Wireless Inc. announced that it will conduct cash management of 750 million yuan in idle raised funds by investing in ordinary large-amount certificates of deposit and structured deposits. The investment has been redeemed in advance, with actual returns of 125,900 yuan.

MaticHoleFiller

2026-03-25 01:11:05

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Stock Code: 603236 Stock Abbreviation: Quectel Communication Announcement No.: 2026-004

Quectel Wireless Solutions Co., Ltd.

Announcement on Redeeming Idle Raised Funds Used for Cash Management

The company’s board of directors and all directors guarantee that this announcement contains no false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of its content.

Key Highlights:

● Investment Types: Ordinary large-denomination certificates of deposit, structured deposits

● Redemption Amount: RMB 750 million

Basic Situation of Idle Raised Funds for Cash Management

Quectel Wireless Solutions Co., Ltd. (hereinafter referred to as “the Company”) held the 9th meeting of the 4th Board of Directors on December 22, 2025, and approved the proposal on using idle raised funds for cash management, agreeing to use a total amount not exceeding RMB 1 billion for cash management as appropriate. The usage period is 12 months from the date of approval by the 9th meeting of the 4th Board of Directors.

Redemption of Idle Raised Funds for Cash Management This Time

On January 8, 2026, the Company’s controlling subsidiary, Changzhou Quectel Communication Technology Co., Ltd. (hereinafter “Changzhou Quectel”), used idle raised funds to purchase a large-denomination certificate of deposit worth RMB 600 million at the China Construction Bank Shanghai Wuzhong Road Branch. On January 20, 2026, Changzhou Quectel used idle raised funds to purchase a structured deposit worth RMB 150 million at the Shanghai Pudong Development Bank Minhang Branch. As of the date of this announcement, the above large-denomination certificates and structured deposits have been redeemed early. The actual income was RMB 125,900. The principal and income have been fully returned to the dedicated raised funds account. The specific redemption details are as follows:

Unit: 10,000 RMB

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Overall Situation of Idle Raised Funds for Cash Management

The company’s use of idle raised funds to purchase products has not resulted in overdue or unrecovered amounts. As of this announcement date, the recent 12 months’ cash management of raised funds is as follows:

Unit: 10,000 RMB

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This announcement is hereby made.

Quectel Wireless Solutions Co., Ltd.

Board of Directors

March 24, 2026

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