Securities Code: 001211 Securities Abbreviation: Shuangqiang Technology Announcement No.: 2026-012
Shuangqiang Technology Co., Ltd.
Special Report on the Storage, Management, and Use of Raised Funds for the Year 2025
The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
According to the regulations of the China Securities Regulatory Commission on the "Regulatory Rules for the Supervision of Raised Funds by Listed Companies," the "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standard Operations for Main Board Listed Companies," and the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Announcement Format," the report on the storage, management, and use of raised funds by Shuangqiang Technology Co., Ltd. (hereinafter referred to as the "Company") for the year 2025 is as follows:
I. Basic Situation of Raised Funds
(1) Actual Amount of Raised Funds and Timing of Funds Arrival
According to the China Securities Regulatory Commission's approval on the "Approval of Shuangqiang Technology Co., Ltd.'s Initial Public Offering of Stocks" (Zheng Jian Xu Ke [2021] No. 2347), the company was approved to publicly issue 18 million shares of ordinary RMB shares (A shares) to the public. The issue price per share was 26.40 yuan, with a total amount of raised funds of 475,200,000.00 yuan. After deducting related issuance expenses (excluding value-added tax), the actual net amount of raised funds was 418,289,150.93 yuan.
The above-mentioned raised funds were transferred to the designated account on July 30, 2021. Rongcheng Accounting Firm (Special General Partnership) conducted an audit on the arrival of funds from the initial public offering on July 30, 2021, and issued the verification report [2021]230Z0174.
The company has deposited the raised funds into a special account opened for this issuance and has signed the "Tripartite Supervision Agreement on Raised Funds" and the "Quadripartite Supervision Agreement on Raised Funds" with the sponsoring institution and the commercial bank where the raised funds are stored, to manage the storage and use of the raised funds in a dedicated account.
(2) Use and Balance of Raised Funds
(1) Before the arrival of the above-mentioned raised funds, as of July 31, 2021, the company had invested a total of 9,060,200.00 yuan in the raised funds projects using self-raised funds. After the arrival of the raised funds, the company replaced the self-raised funds of 9,060,200.00 yuan that had been previously invested in the raised funds investment projects with the raised funds;
(2) The current investment in raised funds projects is 7,607,404.13 yuan, with a cumulative investment amount of 287,541,814.08 yuan (including the replacement of previously invested self-raised funds of 9,060,200.00 yuan); the cumulative interest income from the special account for raised funds is 14,055,777.29 yuan (including wealth management income), with 484,269.72 yuan of interest income from the special account for supplementary working capital used to supplement working capital. After deducting the permanent supplementary working capital of 144,318,844.42 yuan, the balance of the raised funds account as of December 31, 2025, is 0.00 yuan.
II. Storage and Management of Raised Funds
In accordance with relevant laws and regulations and the "Regulatory Rules for the Supervision of Raised Funds by Listed Companies" and the "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standard Operations for Main Board Listed Companies," and following the principles of standardization, safety, efficiency, and transparency, the company has formulated the "Management System for Raised Funds," which clearly stipulates the storage, approval, use, management, and supervision of raised funds, ensuring the standardized use of raised funds institutionally.
On August 16, 2021, the company signed the "Tripartite Supervision Agreement on Raised Funds" with Industrial Bank Co., Ltd. Hangzhou Yuhang Branch (now renamed Industrial Bank Co., Ltd. Hangzhou Linping Branch, hereinafter referred to as "Industrial Bank Hangzhou Linping Branch"), China Construction Bank Co., Ltd. Qingyuan Branch (hereinafter referred to as "Construction Bank Qingyuan Branch"), and Industrial Securities Co., Ltd. (hereinafter referred to as "Industrial Securities"), opening a special account for raised funds at Industrial Bank Hangzhou Linping Branch (account number: 357950100100349559), and a special account for raised funds at Construction Bank Qingyuan Branch (account number: 33050169733509111111).
On January 16, 2023, the company and its wholly-owned subsidiary Longquan Shuangqiang Household Products Co., Ltd. (hereinafter referred to as "Shuangqiang Household"), Construction Bank Qingyuan Branch, and Industrial Securities signed the "Quadripartite Supervision Agreement on Raised Funds," adding a new special account for raised funds at Construction Bank Qingyuan Branch (account number: 33050169733500001872).