Jinfang Energy Group Co., Ltd.
Special Report on the Storage and Use of Raised Funds for the Year 2025 In accordance with the "Regulations on the Supervision of Raised Funds by Listed Companies" issued by the China Securities Regulatory Commission (CSRC Announcement [2025] No. 10) and the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 - Standardized Operations for Main Board Listed Companies (Revised in 2025)" (Shenzhen Stock Exchange Announcement [2025] No. 480), the following is a special explanation of the storage, management, and use of the raised funds by our company for the year 2025.
I. Basic Information on Raised Funds (1) Actual Amount of Raised Funds and Time of Receipt
According to the "Approval on the Initial Public Offering of Shares by Beijing Jinfang Heating and Energy-Saving Technology Co., Ltd." (CSRC Permit [2021] No. 1982), our company, through the lead underwriter CITIC Securities Co., Ltd., adopted a combination of offline inquiry pricing and allocation to qualified investors and online pricing issuance to public investors holding non-restricted A-shares and non-restricted depository receipts in the Shenzhen market. A total of 2,269,000 shares of ordinary shares (A-shares) were allocated, and 20,421,000 shares of ordinary shares (A-shares) were publicly issued at a price of RMB 28.01 per share, raising a total of RMB 635,546,900. After deducting underwriting and sponsorship fees of RMB 44,967,900, the net raised funds amounted to RMB 590,579,000, which was transferred to our company's raised funds supervision account by the lead underwriter CITIC Securities Co., Ltd. on July 21, 2021. After deducting additional external expenses directly related to the issuance of equity securities, such as online issuance fees, prospectus printing fees, accounting fees, legal fees, and appraisal fees totaling RMB 25,977,900, the net amount of raised funds for this issuance is RMB 564,601,100. The above situation regarding the raised funds has been verified by Tianjian Certified Public Accountants (Special General Partnership), which issued the "Verification Report" (Tianjian Verification [2021] No. 1-43).