Fujian Torch Electronic Technology Co., Ltd. Progress Announcement on Fully Owned Subsidiary’s Participation in the Establishment of an Industrial Investment Fund

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2026-03-28 00:37:58

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Stock code: 603678 Stock abbreviation: Torch Electronic Announcement No.: 2026-010

Fujian Torch Electronic Technology Co., Ltd.

Progress Announcement on the Participation of a Wholly Owned Subsidiary in Establishing an Industry Investment Fund

The board of directors of this company and all directors hereby guarantee that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents of this announcement.

Key Points:

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I. Overview of the Basic Situation of the Joint Investment

On March 3, 2026, Fujian Torch Electronic Technology Co., Ltd. (hereinafter referred to as the “Company” and “Torch Electronic”)’s wholly owned subsidiary, Quanzhou Zihua Investment Co., Ltd. (hereinafter referred to as “Zihua Investment”), entered into the 《Quanzhou Liju Huachen Equity Investment Partnership (Limited Partnership) Partnership Agreement》 with Quanzhou Licheng District State-owned Capital Investment Group Co., Ltd. and Hafu Capital Management Co., Ltd. (hereinafter referred to as “Hafu Capital”), to jointly establish a partnership entity. The total subscribed capital contribution amount of the partnership entity is 100,0000 million yuan, and all contributions are in the form of RMB currency contributions. Among them, Zihua Investment, as a limited partner, has subscribed to contribute RMB 42,000 million, accounting for 42% of the total subscribed capital contribution. For details, please refer to the Company’s announcement dated March 4, 2026 published on the official website of the Shanghai Stock Exchange (www.sse.com.cn), 《Torch Electronic’s Announcement on Its Wholly Owned Subsidiary Participating in the Establishment of an Industry Investment Fund》 (Announcement No.: 2026-004).

II. Progress of the External Investment in this Instance

At present, the fund has completed the relevant industrial and commercial registration procedures and obtained the business license issued by the Quanzhou Licheng District Market Supervision Administration. All partners have paid the initial installment of capital contribution. On March 17, 2026, the Company received a notice from the fund manager, Hafu Capital, stating that the fund has completed the record-filing procedures for a private investment fund with the Asset Management Association of China and obtained the 《Private Investment Fund Record-Filing Certificate》. The specific progress is as follows:

(A) Industrial and commercial registration information

Name of the partnership entity: Quanzhou Liju Huachen Equity Investment Partnership (Limited Partnership)

Type: Limited partnership enterprise

Executive affairs partner: Hafu Capital Management Co., Ltd.

Subscribed capital: One Billion Yuan in Total

Date of establishment: 03/04/2026

Primary place of business: Floor 2, Chunhui Building, No. 229 Tumeng Street, Licheng District, Quanzhou, Fujian Province

Business scope: General projects: engaging in equity investment, investment management, asset management, and other activities by means of private funds (only after completing registration and filing with the Asset Management Association of China may business activities be carried out).

(B) Situation of funds raised for the first installment of the fund

According to the notice from the fund manager, all partners have completed their cash contributions for the first installment. The total funds raised and available for the first installment are RMB 10 million. The specific details are as follows:

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Pursuant to laws and regulations such as the 《Securities Investment Fund Law of the People’s Republic of China》 and the 《Interim Measures for the Supervision and Administration of Private Investment Funds》, the industry investment fund has completed the record-filing procedures for a private investment fund with the Asset Management Association of China and obtained the 《Private Investment Fund Record-Filing Certificate》. The specific details are as follows:

Name of the fund: Quanzhou Liju Huachen Equity Investment Partnership (Limited Partnership)

Name of the manager: Hafu Capital Management Co., Ltd.

Name of the custodian: Industrial Bank Co., Ltd.

Date of record-filing: 03/16/2026

Record-filing code: SBSS99

III. Impact on the Company and Proposed Response Measures

The Company will continue to monitor the subsequent progress of the fund, and in accordance with relevant laws, regulations, and normative documents, will promptly fulfill its information disclosure obligations.

IV. Overall Situation of Cooperation Investment with Private Funds as of the Present

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This announcement is hereby issued.

Board of Directors of Fujian Torch Electronic Technology Co., Ltd.

March 18, 2026

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