Securities Code: 001259 Securities Abbreviation: Liren Technology Announcement No.: 2026-004 Beijing Liren Technology Co., Ltd. Announcement on the Deposit, Management, and Use of Raised Funds in 2025 This company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.
In accordance with the "Supervision Rules for the Fundraising of Listed Companies" issued by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"), the "Self-Regulatory Guidelines for Main Board Listed Companies No. 1 - Standardized Operation of Main Board Listed Companies" issued by the Shenzhen Stock Exchange, and the "Self-Regulatory Guidelines for Listed Companies No. 2 - Announcement Format" issued by the Shenzhen Stock Exchange, Beijing Liren Technology Co., Ltd. (hereinafter referred to as the "Company") has prepared this announcement on the annual deposit, management, and use of raised funds as of December 31, 2025. The details are as follows: I. Basic Information on Raised Funds (I) Amount of Raised Funds and Capital Arrival Status Approved by the "Approval on the Initial Public Offering of Shares of Beijing Liren Technology Co., Ltd." (Zhengjian Permit [2022] No. 1743) issued by the China Securities Regulatory Commission, Beijing Liren Technology Co., Ltd. publicly issued 18.484443 million shares of RMB ordinary shares (A shares) at a par value of RMB 1.00 per share and an issuance price of RMB 19.75 per share. The total amount of raised funds was RMB 365.0677 million. After deducting the non-tax amount of issuance expenses of RMB 40.1636 million, the net amount of raised funds was RMB 324.9041 million. The aforementioned funds all arrived on August 23, 2022. They were audited by ShineWing Certified Public Accountants (Special General Partnership), which issued the "Capital Verification Report" with the serial number "XYZH/2022SYAA10289". (II) Status of Raised Fund Utilization and Balance As of December 31, 2025, the Company had cumulatively used RMB 337.1292 million of raised funds, of which RMB 137.2103 million was used during the reporting period. The balance of the special account for raised funds is RMB 0.00 (including the net amount of accumulated bank deposit interest minus bank handling fees, etc.). Item Amount of Raised Funds (RMB) Total Raised Funds 365,067,749.25 Less: Underwriting and Sponsorship Fees 24,968,026.99 Actual Amount Received 340,099,722.26 Less: Legal and Audit Fees 4,900,000.00 Less: Information Disclosure Fees for Issuance 4,660,000.00 Less: Other Fees such as Issuance Handling Fees and Material Production Fees 111,200.00 Less: Replacement of Self-Raised Funds for Pre-paid Issuance Expenses 5,520,912.54 Less: Supplementary Working Capital Project 50,158,919.49 Less: Informatization Construction Project 2,514,802.31 Less: Annual Production of 9.1 Million Units of Smart Kitchen Appliances and 2.2 Million Units of Smart Home Appliances Production Base Construction Project 284,455,534.74 Less: Handling Fees 4,189.12 Add: Interest 12,225,835.94 Balance of Raised Funds as of December 31, 2025 0.00 II. Deposit and Management of Raised Funds (I) Management of Raised Funds To standardize the deposit, management, and use of raised funds, and to protect the rights and interests of investors, in accordance with the relevant provisions of the "Supervision Rules for the Fundraising of Listed Companies" and the "Self-Regulatory Guidelines for Main Board Listed Companies No. 1 - Standardized Operation of Main Board Listed Companies" issued by the CSRC and the Shenzhen Stock Exchange, and the requirements of the Company's "Management System for Raised Funds", the third board of directors at its fourth meeting reviewed and approved the "Proposal on the Establishment of Special Accounts for Raised Funds from the Initial Public Offering of Shares and Listing on the Main Board of the Shenzhen Stock Exchange". The third board of directors at its seventh meeting reviewed and approved the "Proposal on the Establishment of Special Accounts for Raised Funds". The Company has established relevant special accounts for raised funds. After the funds arrived, they were all deposited in the special accounts for raised funds. The "Tripartite Supervision Agreement for Raised Funds" and the "Quadrupartite Supervision Agreement for Raised Funds" were signed with the sponsor and the commercial banks where the raised funds are deposited. Special account management is implemented for the deposit and use of raised funds to ensure that funds are used for their intended purposes. (II) Deposit Status of Special Accounts for Raised Funds
- As of December 31, 2025, the deposit status of raised funds is as follows: No. Account Name Bank Account Holder Bank Name Bank Account Number Project Name Balance (RMB) Remarks 1 Beijing Liren Technology Co., Ltd. Nanjing Bank Co., Ltd. Beijing Branch, Business Department 0506210000002204 Raised Funds Special Account Annual Production of 9.1 Million Units of Smart Kitchen Appliances and 2.2 Million Units of Smart Home Appliances Production Base Construction Project 0.00 2 Liren Technology (Jiaxing) Co., Ltd. Agricultural Bank of China Co., Ltd. Haiyan Baibu Sub-branch 19361001040012032 Raised Funds Special Account 0.00 3 Beijing Liren Technology Co., Ltd. China Merchants Bank, Beijing Branch, Business Department 571913594710502 Raised Funds Special Account Informatization Construction Project 0.00 4 Beijing Liren Technology Co., Ltd. China Construction Bank Corporation Beijing Xisi Sub-branch 11050161360009866666 Raised Funds Special Account Supplementary Working Capital Project 0.00
- Given that the raised funds have been fully utilized according to their intended purposes and the special accounts are no longer in use, the Company has completed the relevant cancellation procedures to reduce management costs. The raised fund supervision agreements signed by the Company with the sponsor and the relevant banks have been terminated accordingly. As of December 31, 2025, the cancellation status of the special accounts for raised funds is as follows: No. Account Name Bank Account Holder Bank Name Bank Account Number Cancellation Status 1 Beijing Liren Technology Co., Ltd. Nanjing Bank Co., Ltd. Beijing Branch, Business Department 0506210000002204 Canceled 2 Liren Technology (Jiaxing) Co., Ltd. Agricultural Bank of China Co., Ltd. Haiyan Baibu Sub-branch 19361001040012032 Canceled 3 Beijing Liren Technology Co., Ltd. China Merchants Bank, Beijing Branch, Business Department 571913594710502 Canceled 4 Beijing Liren Technology Co., Ltd. China Construction Bank Corporation Beijing Xisi Sub-branch 11050161360009866666 Canceled 5 Langfang Development Zone Liren Electric Appliances Co., Ltd. Bank of Cangzhou Co., Ltd. Langfang Branch 5350120100001042602 Canceled III. Actual Use of Raised Funds During the Reporting Period (I) Fund Utilization of Raised Fund Investment Projects For the actual use of raised funds by the Company during the reporting period, please refer to Appendix 1 "Comparison Table of Raised Fund Utilization". (II) Changes in the Implementation Location and Method of Raised Fund Investment Projects During the reporting period, the Company had no changes in the implementation location or method of raised fund investment projects. (III) Prior Investment and Replacement of Raised Fund Investment Projects During the reporting period, the Company had no prior investment and replacement of the above raised fund investment projects. (IV) Temporary Supplementation of Working Capital with Temporarily Idle Raised Funds As of December 31, 2025, the Company had no temporary supplementation of working capital with temporarily idle raised funds. (V) Use of Temporarily Idle Raised Funds for Wealth Management The Company held the ninth meeting of the third board of directors and the eighth meeting of the third supervisory board on August 17, 2023, and reviewed and approved the "Proposal on Using Idle Raised Funds for Wealth Management". The Company and its subsidiaries planned to use idle raised funds not exceeding RMB 278 million, with a validity period of 12 months from the date of approval by the board of directors. Within the validity period of the approved amount, the funds could be rolled over and used. In 2023, the cumulative cash income obtained by the Company from using part of the idle raised funds for wealth management was RMB 5,401,504.42. The part of idle raised funds used for wealth management by the Company was fully redeemed and deposited into the special account for raised funds on August 16, 2024 (inclusive). The Company held the thirteenth meeting of the third board of directors and the eleventh meeting of the third supervisory board on August 16, 2024, and reviewed and approved the "Proposal on Using Idle Raised Funds for Wealth Management". The Company and its subsidiaries planned to use idle raised funds not exceeding RMB 268.88 million, with a validity period of 12 months from the date of approval by the board of directors. Within the validity period of the approved amount, the funds could be rolled over and used. In 2024, the cumulative cash income obtained by the Company from using part of the idle raised funds for wealth management was RMB 4,300,756.66. The part of idle raised funds used for wealth management by the Company was fully redeemed and deposited into the special account for raised funds on August 15, 2025 (inclusive). The Company held the third meeting of the fourth board of directors and the third meeting of the fourth supervisory board on August 15, 2025, and reviewed and approved the "Proposal on Using Idle Raised Funds for Wealth Management". The Company and its subsidiaries planned to use idle raised funds not exceeding RMB 37.56 million, with a validity period of 12 months from the date of approval by the board of directors. Within the validity period of the approved amount, the funds could be rolled over and used. In 2025, the cumulative cash income obtained by the Company from using part of the idle raised funds for wealth management was RMB 629,751.76. (VI) Use of Surplus Raised Funds The Company held the fourth meeting of the fourth board of directors and the fourth meeting of the fourth supervisory board on August 27, 2025, and reviewed and approved the "Proposal on the Completion of Some Raised Fund Investment Projects and the Change of Use of Raised Funds". Given that the "Informatization Construction Project" has been completed and has reached the predetermined usable state, in order to fully utilize the efficiency of funds and maximize the effectiveness of raised funds, combined with the Company's actual operating conditions, it is agreed that the Company's raised fund investment project "Informatization Construction Project" will be completed, and the surplus raised funds will be used for the "Annual Production of 9.1 Million Units of Smart Kitchen Appliances and 2.2 Million Units of Smart Home Appliances Production Base Construction Project". The sponsor, SDIC Securities Co., Ltd., issued a clear and affirmative verification opinion on this matter. For details, please refer to the "Announcement on the Completion of Some Raised Fund Investment Projects and the Change of Use of Raised Funds" (2025-047) disclosed by the Company on the designated information disclosure media and the website www.cninfo.com.cn. The Company held the second extraordinary general meeting of shareholders in 2025 on September 15, 2025, and reviewed and approved the "Proposal on the Completion of Some Raised Fund Investment Projects and the Change of Use of Raised Funds". For details, please refer to the "Resolution Announcement of the Second Extraordinary General Meeting of Shareholders in 2025" (2025-050) disclosed by the Company on the designated information disclosure media and the website www.cninfo.com.cn. (VII) Use of Excess Raised Funds As of December 31, 2025, the Company had no excess raised funds. (VIII) Purpose and Destination of Unused Raised Funds As of December 31, 2025, the raised funds have been fully utilized for their intended purposes. IV. Fund Utilization for Changes in Raised Fund Investment Projects For the comparison table of fund utilization for changes in raised fund investment projects, please refer to Appendix 2 "Table of Changes in Raised Fund Investment Projects". (I) The Company held the seventh meeting of the third board of directors and the sixth meeting of the third supervisory board on April 12, 2023, and reviewed and approved the "Proposal on Changing the Use of Part of the Raised Funds and Investing in the Establishment of a Wholly-owned Subsidiary". For details, please refer to the "Announcement on Changing the Use of Part of the Raised Funds and Investing in the Establishment of a Wholly-owned Subsidiary" (2023-003) disclosed by the Company on the designated information disclosure media and the website www.cninfo.com.cn. The independent directors of the Company issued clear and affirmative opinions on this proposal, and the sponsor, SDIC Securities Co., Ltd., issued a verification opinion. The Company held the first extraordinary general meeting of shareholders in 2023 on April 28, 2023, and reviewed and approved the "Proposal on Changing the Use of Part of the Raised Funds and Investing in the Establishment of a Wholly-owned Subsidiary". For details, please refer to the "Resolution Announcement of the First Extraordinary General Meeting of Shareholders in 2023" (2023-019) disclosed by the Company on the designated information disclosure media and the website www.cninfo.com.cn. (II) The Company held the fourth meeting of the fourth board of directors and the fourth meeting of the fourth supervisory board on August 27, 2025, and reviewed and approved the "Proposal on the Completion of Some Raised Fund Investment Projects and the Change of Use of Raised Funds". Given that the "Informatization Construction Project" has been completed and has reached the predetermined usable state, in order to fully utilize the efficiency of funds and maximize the effectiveness of raised funds, combined with the Company's actual operating conditions, it is agreed that the Company's raised fund investment project "Informatization Construction Project" will be completed, and the surplus raised funds will be used for the "Annual Production of 9.1 Million Units of Smart Kitchen Appliances and 2.2 Million Units of Smart Home Appliances Production Base Construction Project". The sponsor, SDIC Securities Co., Ltd., issued a clear and affirmative verification opinion on this matter. For details, please refer to the "Announcement on the Completion of Some Raised Fund Investment Projects and the Change of Use of Raised Funds" (2025-047) disclosed by the Company on the designated information disclosure media and the website www.cninfo.com.cn. The Company held the second extraordinary general meeting of shareholders in 2025 on September 15, 2025, and reviewed and approved the "Proposal on the Completion of Some Raised Fund Investment Projects and the Change of Use of Raised Funds". For details, please refer to the "Resolution Announcement of the Second Extraordinary General Meeting of Shareholders in 2025" (2025-050) disclosed by the Company on the designated information disclosure media and the website www.cninfo.com.cn. V. Problems in the Use and Disclosure of Raised Funds During the reporting period, the deposit and use of raised funds by the Company complied with the requirements of the "Supervision Rules for the Fundraising of Listed Companies", the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange", and other relevant laws, regulations, and rules. The information disclosed by the Company regarding the use of raised funds was timely, true, accurate, and complete. There were no violations in the use and management of raised funds. VI. Approval and Issuance of Special Report This special report was approved and issued by the Company's Board of Directors on April 23, 2026. Appendix 1 "Comparison Table of Raised Fund Utilization" Appendix 2 "Table of Changes in Raised Fund Investment Projects"