Zhejiang Weigang Technology Co., Ltd. Announcement Number: 2026-025
Announcement on Progress of Joint Investment with Professional Investment Institutions
The Company and all members of the Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, and that there are no false representations, misleading statements, or material omissions.
I. Overview of External Investment
Zhejiang Weigang Technology Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Announcement on Joint Investment with Professional Investment Institutions" (Announcement Number: 2026-003) on March 11, 2026. The Company decided to cooperate with professional investment institutions Beijing Fangyuan Jin Ding Investment Management Co., Ltd. (hereinafter referred to as "General Partner") and other limited partners to jointly invest in Qingcheng Dingxin Future Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Dingxin Future", "the Fund", or "the Partnership"). Dingxin Future plans to raise a total of RMB 365.50 million. The Company, as a limited partner, will subscribe for fund shares with its own capital of RMB 31.80 million.
II. Progress Update
In view of the current changes in the capital market and adhering to the principle of prudent investment, all partners of Dingxin Future unanimously deliberated and approved to reduce the fund's committed capital from RMB 365.50 million to RMB 258.95 million. The Company's committed capital will be reduced from RMB 31.80 million to RMB 14.32 million. The Company has already contributed RMB 14.32 million to the fund and will not make further contributions. Limited partners Suzhou Ni Sheng Jin Ding Venture Capital Center (Limited Partnership), Wu Wei Jiang, and Kang Yi Xin have withdrawn, transferring their shares to the newly added limited partner Ni Zuben for a total transfer amount of RMB 112.00 million. Concurrently, the newly added limited partner Ni Zuben will subscribe for additional capital of RMB 32.16 million. Through the transfer of shares and additional capital subscription, Ni Zuben's total committed capital amounts to RMB 144.16 million.
In accordance with the "Articles of Association", "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 7—Transactions and Connected Transactions", and the "Shenzhen Stock Exchange Stock Listing Rules", the above matter falls within the scope of the Company's Chairman's approval authority and does not require submission to the Board of Directors or Shareholders' Meeting for approval. The above matter does not constitute horizontal competition or connected transactions, nor does it constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies".
As of the disclosure date of this announcement, all partners' contributions related to this change have been paid in full. The specific details of the adjustment of committed capital and contribution ratios for each partner are as follows: